DGAP-News: New chairman of the KION Group Supervisory Board

2011-06-29 / 14:40:00

New chairman of the KION Group Supervisory Board

  • Johannes Huth takes over from Manfred Wennemer

Wiesbaden, 29 June 2011 - The supervisory board of KION Group GmbH elected Johannes Huth (51) as its new chairman with immediate effect at its meeting today. Huth takes over from Manfred Wennemer (64), who has stepped down from the role after two successful years in office in order to concentrate on his work on other supervisory boards. Philip Wack of Kohlberg Kravis & Roberts & Co. Ltd. (KKR) has been appointed as a new member of the supervisory board to fill the vacant position created by the appointment of Johannes Huth as chairman.

'Manfred Wennemer gave KION his full support throughout the recent economic and financial crisis, making it all the more regrettable that he has decided to focus on his work on other supervisory boards', said Johannes Huth, new chairman of the supervisory board and partner of co-shareholder Kohlberg Kravis & Roberts & Co. Ltd. (KKR).

'On behalf of all KION employees I would like to say how sorry I am about this decision and I thank Manfred Wennemer for the close and fruitful cooperation. Having successfully realigned itself, KION is now stronger than ever before and will build on this position so that it can continue to rigorously pursue its growth strategy', added Huth.

The Company
The KION Group with its six brands - Linde, STILL, Fenwick, OM, Baoli and Voltas - is Europe's market leader for industrial trucks, the global number two in the industry and the leading international supplier in China. In 2010, the KION Group employed around 20,000 people and generated revenue of more than EUR3.5 billion.

For further information please contact
Michael Hauger
Head of Communications and Investor Relations
Tel.: +49 (0)611 770 655
Email michael.hauger@kiongroup.com

Frank Kopfinger
Head of Investor Relations
Tel.: +49 (0)611 770 220
Email frank.kopfinger@kiongroup.com

Ihre Ansprechpartner

Dr. Christopher Spies

Senior Manager Corporate Communications

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