Manfred Wennemer appointed new chairman of the KION Group supervisory board
2009-06-24
The KION Group GmbH shareholders' assembly has appointed Manfred Wennemer (62) as a shareholder representative on the company’s supervisory board.
He will take up his duties on 1 July 2009 and succeeds Till Hufnagel, executive director at Goldman Sachs Capital Partners, who is to step down with effect from 30 June 2009. From September 2009, he will also take over as chairman of the supervisory board, succeeding Johannes Huth, head of Europe at KKR, who will remain on the supervisory board.
Johannes Huth, chairman of the KION Group supervisory board and managing director of KKR, and Dr Alex Dibelius, managing director at Goldman Sachs, said: "We are delighted to have gained such a well respected manager with proven expertise in the manufacturing industry for the KION Group's supervisory board. As its chairman he will also provide long-term continuity. Together with the executive board chaired by Gordon Riske, Mr Wennemer will add his full support to KION's successful multibrand strategy and he will provide additional impetus for the further development of the company."
Manfred Wennemer has 30 years' experience in the manufacturing industry. He has held both strategic and operational positions in Germany, South Africa and the US. From 2001 to 2008, he was the CEO of Continental AG, the tyre producer and automotive components supplier. Manfred Wennemer became the German government's representative on the advisory board of the Opel trustee company in June 2009.
"Working for the supervisory board of a successful multinational company such as KION is an exciting task. I am looking forward to working with Mr Riske and his team, and I will do my very best to steer KION through the current global economic crisis to the top of the global industrial-truck industry", Manfred Wennemer said.
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