KRONES AG — Board/Management Information 2009

Jun 17, 2009

News Details

Corporate | 17 June 2009 19:30

Krones AG:Ernst Baumann is the new Chairman of Krones’ Supervisory Board

Krones AG / AGM/EGM/Change of Personnel

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On 17 June 2009, the 29th regular AGM of Krones AG was held in
Neutraubling, Germany. Supervisory Board Chairman Dr. Lorenz M. Raith (70)
laid down his office on expiry of the 2009 AGM. Dr. Raith had been a member
of the Krones Supervisory Board since 1996, and its Chairman since May
1997. It was during his term of office that Krones initiated its strategic
refocus under the aegis of its 'Impulse' programme. The 'Growth Programme'
launched a decade ago has borne invaluable fruit during this time: sales
revenues rose 2.6-fold to reach their most recent figure of 2.38 billion
euros, net income for the year improved 4.3-fold to its most recent figure
of 106.5 million euros, shareholders' equity grew 2.3-fold, the market
capitalisation tripled, and the workforce increased 1.6-fold to reach more
than 10,000 people. Dr. Raith's final year in office was crowned by
glittering success: for the ninth time in succession, the company achieved
a record year in terms of order bookings, sales and net income.
After what was meanwhile around 13 years as Chairman of the Supervisory
Board, Dr. Lorenz M. Raith stepped down from this office at his own request
for reasons of age. The Executive Board of Krones AG thanked Dr. Raith for
his invariably constructive and successful contributions.

In the subsequent constitutive meeting of the Supervisory Board, Dipl.-Ing.
Ernst Baumann (60) was unanimously elected as his successor.
Ernst Baumann was first elected to Krones' Supervisory Board in 2001, when
he was a director of BMW AG, responsible for human resources and staff
welfare, as well as being Labour Director; he had joined BMW in 1973, after
gaining a degree in mechanical engineering. During his career there, Ernst
Baumann was responsible for numerous remits. Before being appointed to the
Managing Board, as Technical Director of the BMW plant in South Africa, of
the BMW plant in Regensburg and as overall project manager he had been
responsible for the large and medium-sized series at BMW AG.
Upon reaching the age limit, Ernst Baumann left BMW AG on 30 November 2008,
after a good ten years on its Managing Board.

State Parliament MP Dipl.-Ing. agr. Philipp Graf von und zu Lerchenfeld
(57) was newly elected to the Supervisory Board as a representative of the
shareholders. An agricultural engineering graduate, and a qualified tax
consultant and auditor, he has been a member of the Bavarian State
Parliament since 2003. Following his re-election as an MP in 2008, Count
Lerchenfeld has been a member of the Committee for State Budgeting and
Finance.

There was also a change among the representatives of the workforce. With
the departure of Herbert Gerstner (58), an active member of the Supervisory
Board since 1997, Krones' Employees' Council member Johann Robold (52)
stepped up to the Krones Supervisory Board.

Contact:
Olaf Scholz
Leiter Investor Relations
Tel.: +49 (0) 9401 - 701169
E-Mail: olaf.scholz@krones.com

17.06.2009 Financial News transmitted by DGAP

Language: English
Issuer: Krones AG
Böhmerwaldstraße 5
93073 Neutraubling
Deutschland
Phone: +49 (0)9401 703258
Fax: +49 (0)9401 703786
E-mail: investor-relations@krones.com
Internet: www.krones.com
ISIN: DE0006335003
WKN: 633500
Indices: MDAX
Listed: Regulierter Markt in Frankfurt (Prime Standard), München;
Freiverkehr in Berlin, Düsseldorf, Hamburg, Stuttgart

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