PRESS RELEASE: Hasan Dandashly and Andreas Krinninger appointed to the Executive Board of KION GROUP AG

 
 DGAP-News: KION GROUP AG / Key word(s): Personnel 
Hasan Dandashly and Andreas Krinninger appointed to the Executive Board of 
KION GROUP AG (news with additional features) 
 
2021-01-11 / 13:03 
The issuer is solely responsible for the content of this announcement. 
 
*Hasan Dandashly and Andreas Krinninger appointed to the Executive Board of 
KION GROUP AG* 
 
*- All operating activities to be directly represented on the Executive 
Board * 
 
*- Henry Puhl appointed as future CTO and successor to Eike Böhm from July 
1, 2021* 
 
*- Organizational basis for profitable growth significantly strengthened* 
 
*- CEO Riske: "We have outgrown the structures that we had as a mid-sized 
company. In the future, we will be able to make even better use of the 
available resources to further expand our strong market position as part of 
our 'KION 2027' strategy."* 
 
Frankfurt am Main, January 11, 2021 - Going forward, all operating 
activities will be directly represented on the Executive Board of KION GROUP 
AG. The Group's Supervisory Board has appointed Hasan Dandashly (61) and 
Andreas Krinninger (53) as additional members of the Group's Executive Board 
effective January 2021. 
 
Hasan Dandashly will have Executive Board responsibility for the Supply 
Chain Solutions (SCS) segment, which comprises the global business of 
Dematic. He has been President & CEO of KION subsidiary Dematic since 2018. 
 
Andreas Krinninger will assume responsibility within the Executive Board for 
the EMEA business of the Industrial Trucks and Services (ITS) segment, which 
includes the operational business of KION brand companies Linde Material 
Handling, STILL, and Baoli in the EMEA region. Andreas Krinninger has been 
President & CEO of Linde Material Handling EMEA since 2016 and before that 
held various roles including Chief Financial Officer and Chief Operating 
Officer at Linde Material Handling. 
 
Ching Pong Quek will retain responsibility within the KION Group's Executive 
Board for the Industrial Trucks and Services (ITS) segment in the APAC and 
Americas regions. Anke Groth will continue as CFO and Labor Relations 
Director. CEO is Gordon Riske. 
 
"By integrating direct responsibility for operations into the Executive 
Board, we are establishing a strong organizational basis for the future 
global growth of the KION Group," says Michael Macht, chairman of the 
Supervisory Board. "The expansion of the Executive Board reflects the 
rapidly increasing importance of our high-growth Supply Chain Solutions 
segment. At the same time, we are creating the conditions for an even 
clearer positioning of our ITS brands Linde Material Handling, STILL, and 
Baoli in the EMEA markets." 
 
The Supervisory Board of the KION Group has also made another decision that 
will ensure long-term continuity within the CTO role: Henry Puhl (50), 
President & CEO of STILL EMEA since 2016, has been appointed as a member of 
the Executive Board from July 1, 2021. He will succeed Professor Eike Böhm, 
who will be retiring on June 30, 2021. Eike Böhm has successfully built up 
the CTO organization during his six years with the Group and has made an 
important contribution to the strong technological position of the Group 
today. 
 
"We began in 2006 with the organizational structures of a mid-sized business 
and a revenue of &euro3 billion. The KION Group is now a global group of 
companies with a broad portfolio of products and services that operates in 
more than 100 countries and, in 2019, reported revenue of almost &euro9 
billion - almost three times as much as when we began 14 years ago," says 
Gordon Riske, Chief Executive Officer of KION GROUP AG. "We have outgrown 
our current structure. And we have never had opportunities as ample as 
today," he adds, pointing to the current market dynamic and the rapid 
technological progress that is transforming the intralogistics sector. "We 
want to reflect this positive development. Linking the Operating Units 
directly to the Executive Board will enable us to use our technological 
capabilities and resources and our global sales and services units more 
efficiently in the future. The aim of our 'KION 2027' strategy is to further 
strengthen our strong competitive position. The Supervisory Board has laid 
the groundwork to do this." 
 
The Company 
 
The KION Group is one of the world's leading providers of industrial trucks 
and supply chain solutions. Its portfolio encompasses industrial trucks, 
such as forklift trucks and warehouse equipment, as well as integrated 
automation technology and software solutions for the optimization of supply 
chains, including all related services. Across more than 100 countries 
worldwide, the KION Group's solutions improve the flow of material and 
information within factories, warehouses, and distribution centers. The KION 
Group, which is included in the MDAX, is the largest manufacturer of 
industrial trucks in Europe and the second largest worldwide in terms of 
units sold in 2019. It is also a leading provider of warehouse automation 
based on revenue in 2019. 
 
The KION Group's world-renowned brands are well established. Dematic, the 
newest addition to the KION Group, is a global leader in warehouse 
automation based on revenue in 2019, providing a broad range of intelligent 
supply chain and automation solutions. The Linde and STILL brands serve the 
premium industrial truck segment. Baoli focuses on industrial trucks in the 
value segment. Among KION's regional industrial truck brand companies, 
Fenwick is the leading material handling supplier in France (in 2019). 
 
With an installed base of more than 1.5 million industrial trucks and over 
6,000 installed systems, the KION Group's customers include companies in 
numerous industries of various sizes on six continents. The Group has 
currently more than 35,000 employees and generated revenue of &euro8.8 
billion in 2019. 
 
_Current KION Group images can be found in our image database at 
_https://mediacenter.kiongroup.com/categories [1] _and on the websites of 
our various brands_. 
 
(mh) 
 
Disclaimer 
 
This release and the information contained herein are for information 
purposes only and do not constitute a prospectus or an offer to sell or a 
solicitation of an offer to buy any securities in the United States or in 
any other jurisdiction. 
 
This release contains forward-looking statements that are subject to various 
risks and uncertainties. Future results could differ materially from those 
described in these forward-looking statements due to certain factors, e.g. 
changes in business, economic and competitive conditions (including with 
respect to further developments in relation to the COVID-19 pandemic), 
regulatory reforms, results of technical studies, foreign exchange rate 
fluctuations, uncertainties in litigation or investigative proceedings, and 
the availability of financing. We do not undertake any responsibility to 
update the forward-looking statements in this release. 
 
Further information for the media 
 
Michael Hauger 
Senior Vice President Corporate Communications 
Tel: [phone] 
Cell: [phone] 
[e-mail] 
 
Frank Grodzki 
Senior Director External Communications & Group Newsroom 
Tel: [phone] 
Cell: [phone] 
[e-mail] 
 
Further information for investors 
 
Sebastian Ubert 
Vice President Investor Relations 
Tel: [phone] 
[e-mail] 
 
Antje Kelbert 
Senior Manager Investor Relations 
Tel: [phone] 
[e-mail] 
 
Dana Unger 
Senior Manager Investor Relations 
Tel: [phone] 
[e-mail] 
 
Additional features: 
 
Picture: http://newsfeed2.eqs.com/kion/1159699.html [2] 
Subtitle: The KION Group's Supervisory Board has appointed Andreas 
Krinninger (left) and Hasan Dandashly (right) as additional members of the 
Group's Executive Board effective January 2021. 
 
File: KION Group_Extended Executive Board [3] 
 
2021-01-11 Dissemination of a Corporate News, transmitted by DGAP - a 
service of EQS Group AG. 
The issuer is solely responsible for the content of this announcement. 
 
The DGAP Distribution Services include Regulatory Announcements, 
Financial/Corporate News and Press Releases. 
Archive at www.dgap.de 
Language:    English 
Company:     KION GROUP AG 
             Thea-Rasche-Straße 8 
             60549 Frankfurt/Main 
             Germany 
Phone:       [phone] 
E-mail:      [e-mail] 
Internet:    www.kiongroup.com 
ISIN:        DE000KGX8881 
WKN:         KGX888 
Indices:     MDAX 
Listed:      Regulated Market in Frankfurt (Prime Standard); Regulated 
             Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, 
             Munich, Stuttgart, Tradegate Exchange 
EQS News ID: 1159699 
 
End of News DGAP News Service 
 
1159699 2021-01-11 
 
 
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(END) Dow Jones Newswires

January 11, 2021 07:04 ET (12:04 GMT)