• Hans Peter Ring is set to become the new chairman of the Supervisory Board of KION GROUP AG after the Annual General Meeting on May 17.

• Dr. Michael Macht to focus on mandates outside the KION Group Supervisory Board proposes that the Annual General Meeting elect Dr. Nicolas Peter to the Supervisory Board as a new shareholder representative

• Dr. Peter, currently the CFO of BMW AG, has also been proposed as the new chairman of the Audit Committee Supervisory Board confirms that Andreas Krinninger will serve a further five years on the Executive Board of KION GROUP AG

The KION Group has charted the course for long-term appointments to its governing bodies in its notice of the Annual General Meeting on May 17, 2023. Dr. Michael Macht has informed KION GROUP AG that he intends to step down as chairman and member of the Supervisory Board at the end of the Annual General Meeting on May 17, 2023.

“The new appointments to the Executive Board have been completed and lay strong foundations for the future. The Company has a robust growth strategy that has proven its worth even in the current period of geopolitical and economic uncertainty,” said Macht. “After more than four years of extremely intense work for the KION Group, I can now pay greater attention to my various other mandates – some of them in automotive-related companies – which require significantly greater levels of support in the face of fundamental changes in the automotive industry. I cannot devote enough time to these mandates while still on KION’s Supervisory Board.”

The former CEO of Dr. Ing. h.c. F. Porsche AG an erstwhile member of the Board of Management of VW AG has been a member of the KION Group Supervisory Board since October 9, 2018, and its chairman since May 9, 2019.

The current chairman of the Audit Committee, Hans Peter Ring, is set to become chairman of the Supervisory Board

The Nomination Committee is proposing to the Supervisory Board that it elect the current chairman of the Audit Committee, Hans Peter Ring, as chairman of the Supervisory Board at its meeting after the Annual General Meeting on May 17. Ring has been a member of the Supervisory Board since June 9, 2013, as an independent shareholder representative. The former Chief Financial Officer of EADS NV (now Airbus SE) and independent management consultant has many years of experience on the executive and supervisory boards of listed companies. As chairman, he will work with the Supervisory Board to keep the Group on course for profitable growth during geopolitically uncertain times, and thus ensure continuity in the current challenging climate.

In line with the recommendation of the Nomination Committee, the Supervisory Board will propose to the Annual General Meeting on May 17, 2023, that it elect Dr. Nicolas Peter to the Supervisory Board as an independent shareholder representative. Dr. Nicolas Peter has been a very successful member of the Board of Management of BMW AG since 2017, where he is responsible for finance. At the conclusion of the Annual General Meeting of BMW AG on May 11, 2023, he will hand over to his successor and retire. The Nomination Committee recommends that the Supervisory Board elect Dr. Peter as chairman of the Audit Committee as soon as he has been elected as a member of the Supervisory Board by the Annual General Meeting.

Andreas Krinninger will continue to head up the Industrial Trucks & Services segment in the EMEA region

The Supervisory Board has also reappointed Andreas Krinninger for a further five years as a member of the Executive Board of KION GROUP AG. His new term of office will begin on January 1, 2024. Mr. Krinninger has been responsible within the Executive Board for the EMEA business of the Industrial Trucks & Services (ITS) segment since 2021. This comprises the operational business of the KION brand companies Linde Material Handling, STILL, and Baoli within the EMEA region. “Andreas Krinninger offers continuity when it comes to boosting the long-term profitability of the business within his remit. He is also a champion of innovative products, solutions, and services for ITS customers,” said the departing Dr. Macht, explaining the Supervisory Board’s decision.