DGAP-News: KION CFO Harald Pinger to join STILL's Management Board

2008-09-11

KION CFO Harald Pinger to join STILL's Management Board

Wiesbaden / Hamburg, September 11, 2008: Harald Pinger (48) has been appointed to the Management Board of STILL GmbH with effect from September 15, 2008. He will perform this function in addition to his responsibilities as CFO of KION Group GmbH and on STILL's Management Board will be in charge of finance and human resources. He replaces Dr. Lorenz Zwingmann who, after a highly successful five years at STILL, will be leaving at his own request on October 15 in order to pursue new career challenges outside the company.

Gordon Riske, CEO of the KION Group: 'Harald Pinger's appointment underscores the important role that the STILL brand plays in the KION Group. STILL has delivered a strong performance in recent years. KION's management team intends to actively support this encouraging trend. Lorenz Zwingmann has played a huge part in STILL's success and we would therefore like to take this opportunity to thank him for his wholehearted commitment to the company and its staff.'

Harald Pinger commented: 'I'm looking forward to performing my additional function on STILL's Management Board, a position that will enable me to further improve the consistency and efficiency of the KION Group's financial management. STILL has set itself ambitious targets for the next few years. Working with Dr. Rolf Karg and Bert-Jan Knoef, I will help achieve these targets, thereby discharging my responsibilities toward the company's staff, customers, business partners and shareholders.'

The Company
STILL GmbH is based in Hamburg, Germany, and is a leading supplier of intelligent management of intralogistics, which covers all their internal flows of materials and information. It employs more than 6,600 people worldwide and generated revenue of approximately EUR1.4 billion in 2007. STILL is a member of the KION Group, whose Linde, STILL and OM brands make it the leader in the European market for industrial trucks and the second-largest in its sector worldwide. The KION Group employed over 20,000 people and generated revenue of around EUR4.0 billion in the 2006 financial year.

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

Contact

Contact

Michael Hauger

Senior Vice President Corporate Communications

Contact

Frank Grodzki

Senior Director Corporate External Communications & Group Newsroom

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