Susanna Schneeberger to leave KION GROUP AG

Frankfurt, January 13, 2020 - Susanna Schneeberger, the member of the KION GROUP AG Executive Board responsible for Segment Supply Chain Solutions (Dematic), is leaving the company. As Chief Digital Officer, she was also responsible for digital transformation. Due to differing views on corporate strategy, her employment at the KION Group will end on March 31, 2020 by mutual consent with the Supervisory Board.

"We would like to thank Ms. Schneeberger for her dedicated work to develop our Supply Chain Solutions segment and to drive forward the digitalization across the Group. Under her leadership, the SCS business has been stabilized and its performance significantly improved both in terms of growth and profitability. We wish her all the best for the future," said Michael Macht, chairman of the Supervisory Board of KION GROUP AG.

Gordon Riske, Chief Executive Officer of the KION Group, said: "Susanna Schneeberger has been a driving force behind the Group's process of digitalization and created a solid foundation and groupwide roadmap for the further internal and external digital transformation of the Group. I am very grateful for that."

The tasks of the current Supply Chain Solution and Digital Business Transformation role will be integrated into the other Executive Board roles.

The Company

The KION Group is a global leader in industrial trucks, related services and supply chain solutions. Across more than 100 countries worldwide, the KION Group designs, builds and supports logistics solutions that optimize material and information flow within factories, warehouses and distribution centers. The Group is the largest manufacturer of industrial trucks in Europe, the second-largest producer of forklifts globally and a leading provider of automation technology.

The KION Group's world-renowned brands are clear industry leaders. Dematic, the newest addition to the KION Group, is a global leader in automated material handling, providing a comprehensive 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 economy segment. Among KION's regional industrial truck brand companies, Fenwick is the largest supplier of material handling products in France and OM Voltas is a leading provider of industrial trucks in India.

With an installed base of more than 1.4 million industrial trucks and over 6,000 installed systems, the KION Group's customer base includes companies in all industries and of all sizes on six continents. The Group has more than 33,000 employees and generated revenue of EUR8 billion in 2018.

Disclaimer

This document 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, 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

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