KION Group Supervisory Board extends contract of CFO Harald Pinger

9/7/2011, 11:05 AM (Source: GlobeNewswire)
KION Group Supervisory Board extends contract of CFO Harald Pinger
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Wiesbaden, 07 September 2011 - The Supervisory Board of the KION Group GmbH has
decided to extend the contract of Harald Pinger as a member of the Executive
Board for a further four years. This means that Pinger (51) will remain CFO of
the KION Group until 31 July 2016.

Commenting on the decision, Johannes Huth, Chairman of the Supervisory Board of
the KION Group, said: "Over the past three years, which have been dominated by
the most severe crisis in the history of the industrial trucks industry, Harald
Pinger has led the company's finance function with great success. The members of
the Supervisory Board are delighted that he will continue to provide stability
and continuity at the head of the company's finance function."

Gordon Riske, Chief Executive Officer of the KION Group added: "Harald Pinger
has played an extremely important role in securing the sustained confidence of
the capital markets in the strength and the long-term prospects of the KION
Group. April 2011 saw our first successful step into the capital markets with
the issue of a corporate bond. I look forward to continue working with Harald

Harald Pinger thanked the Supervisory Board for their continued confidence in
his work. "With the support of more than 20,000 skilled and highly dedicated
staff, and in collaboration with my colleagues on the Executive Board, I will do
my utmost to ensure the continued success of the KION Group."

The Company

The KION Group, with its Linde, STILL, Fenwick, OM and Baoli brands, 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 Company employed
around 20,000 people worldwide and generated revenue of more than €3.5 billion.

Harald Pinger

Harald Pinger was appointed to the Executive Board of the KION Group in the role
of CFO on 1 August 2008. Before joining the KION Group, Harald Pinger was CEO
and President of the Executive Committee of Jelmoli Holding AG in Zurich, a
leading Swiss retail and real-estate group. From 2004 until 2006 he was CFO of
the department store and mail-order group Karstadt Quelle AG, where he also
assumed operational responsibility for the mail-order business at times. Between
2002 and 2004 he was the finance director and joint managing director of the
Messer group. From 1996 until 2002 he worked for Fresenius Medical Care and from
1987 until 1995 for Unilever in a variety of senior international management
positions. Harald Pinger studied business administration, majoring in tax law
and auditing, at Cologne University.

For more information please contact:

Michael Hauger
Head of Communications and Investor Relations
Phone: +49 (0)611.770-655

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Abraham-Lincoln-Strasse 21 Wiesbaden Germany

Supervisory Board extends contract of CFO Harald Pinger (PDF 0.1 MB):

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