Gordon Riske is appointed CEO of Linde Material Handling and Member
of the KION Group Executive Board
Wiesbaden, May 14, 2007 - Gordon Riske (49) has been appointed the
new CEO of Linde Material Handling GmbH (LMH) and a member of the
Executive Board of KION Group GmbH. Riske will assume office by
October 1, 2007 at the latest. He will also represent LMH on the
Executive Committee of the KION Group.
Hubertus Krossa (59), CEO of KION Group GmbH, said "I am pleased to
welcome Gordon Riske, a top manager with a great deal of capital
market experience, to lead the Linde Material Handling management
team. With his international expertise in the mechanical engineering
and motive engineering sectors, Gordon Riske, together with our CEO
Dr Nedim Cen, will ensure long-term continuity of on the Executive
Board of the KION Group. In his operational role as CEO of Linde
Material Handling,Gordon Riske will be ideally placed to familiarize
himself with our company, with a view to becoming my successor as CEO
of KION in the medium term."
The Supervisory Board of the KION Group is delighted with the
appointment of Gordon Riske, who has many years of experience, both
in managing industrial companies and in dealing with the requirements
of the capital market. It believes that this step will further
strengthen the KION Group management team.
Mr Riske succeeds Dr Stefan Rinck (49) as CEO of Linde Material
Handling. Mr Rinck will take over responsibility for driving forward
the Linde Hydraulics operations, and in his new role will remain a
member of the Executive Committee of the KION Group.
Gordon Riske said "I am looking forward to new business challenges in
Linde Material Handling and KION. To achieve global market
leadership, we will need to exploit the good prevailing market
conditions, especially in the growth markets of Asia, Central Europe,
Eastern Europe and America. I will be fully committed to this task
and will assume responsibility for our employees, customers and
shareholders. Together with Hubertus Krossa and Dr Nedim Cen, I will
play my part in preparing KION for a potential IPO."
Mr Riske, who was born in the US, is currently Chairman of the
Management Board of DEUTZ AG in Cologne, an MDAX-listed company and a
world-leading manufacturer of diesel and gas engines. In this rôle,
he has been responsible for the successful growth strategy and
capital market focus of DEUTZ AG since February 2000. Prior to that,
he worked in various management positions in the US and in Germany
for the KUKA Group, most recently as Managing Director of the
Management Board of KUKA Roboter GmbH, Augsburg. Mr Riske studied
electrical engineering at the Lawrence Institute of Technology,
Southfield, Michigan, and has a BBA from GSBA, Zurich.
The KION Group, with its three brands, Linde, STILL and OM, operates
in the forklift truck and warehouse equipment sector. The company is
the market leader in Europe and stands for the highest levels of
technological and service competence. In fiscal 2006, it achieved
sales of more than 4 billion euro with over 20,000 employees. The
KION Group was sold by Linde at the end of 2006 to KKR and Goldman
Sachs Capital Partners and is seeking to achieve an IPO in the medium
term.
For further information:
Michael Hauger
Head of Communications and Investor Relations, KION Group
Telephone: +49 (611) 770-655