Personnel changes on the Supervisory Board of KION GROUP AG ensure continuity

Personnel changes on the Supervisory Board of KION GROUP AG ensure continuity

• Supervisory Board Chairman Hans Peter Ring retiring after his term expires in May 2025
• Dr. Mohsen Sohi, an internationally experienced executive, is designated successor
• Further elections of new candidates for the Supervisory Board announced

Frankfurt am Main, April 7, 2025 – KION GROUP AG ensures long-term continuity on the Supervisory Board. The current Chairman of the Supervisory Board, Hans Peter Ring, will not be available for re-election at the Annual General Meeting when his term of office expires on May 27, 2025. The candidate to succeed him is Dr. Mohsen Sohi.

Dr. Sohi, born in 1959, is currently CEO of Freudenberg SE and Spokesman of the Board of Management of Freudenberg & Co. Kommanditgesellschaft and has extensive experience in the management of internationally oriented companies. Previously, Dr. Sohi was President and CEO of Freudenberg-NOK General Partnership in Plymouth, Michigan (USA) and held executive positions at NCR Corporation and Honeywell. He holds an MBA from the Wharton School of Management, University of Pennsylvania, Philadelphia (USA) and a Doctor of Science in Mechanical Engineering from Washington University, St. Louis, Missouri (USA).

The terms of office of Supervisory Board members Jiang Kui, Dr. Christina Reuter and Xu Ping will also end on 27 May 2025. Jiang Kui is available for a further term. In addition, Dr. Nicolas Peter will resign from his office as a member of the Supervisory Board with effect from the end of the Annual General Meeting on 27 May 2025. Additionally, the election of Dr. Sun Shaojun, who was appointed to the Supervisory Board in October 2024 is on the agenda. Elections of six shareholder representatives to the Supervisory Board are therefore required at the Annual General Meeting.

Continuity on the Supervisory Board ensured for the future

In addition to Dr. Mohsen Sohi, the new candidates for election are Sherry A. Aaholm, Zhang Xiaomei and Peter Kameritsch, as financial expert for the chairmanship of the Audit Committee.

“I am pleased to be able to propose candidates to the Annual General Meeting of KION GROUP AG who will continue to ensure a balanced and international profile of the Supervisory Board”, says Hans Peter Ring, Chairman of the Supervisory Board. “This will give the Supervisory Board the opportunity to continue to constructively support the strategic direction of the Company on its way to successfully implementing its resilient growth strategy in times of geopolitical and economic uncertainty.”

Sherry A. Aaholm, born 1962, is an independent consultant and was previously Chief Digital Officer at Cummins Inc. and Chief Information Officer at FedEx Services and has extensive experience in the fields of information technology and digitization. Aaholm holds a Master of Science in Sustainability Management from the University of Wisconsin, Green Bay (USA) and a Bachelor of Administration in Marketing and Economics from the University of Wisconsin, Green Bay (USA).

Zhang Xiaomei, born 1985, is currently Deputy Director Legal and Compliance as well as Deputy General Manager and Director Legal Affairs at the Overseas Marketing Center of Weichai Power Co., Ltd. Zhang holds a Bachelor of Laws (LL.B) from Shandong University, Jinan (People's Republic of China).

Peter Kameritsch, born in 1969, is currently a member of the Executive Board and responsible for Finance and Information Technology at MTU Aero Engines AG, where he has worked since 1999. Kameritsch holds a degree in business administration and physics and graduated from the Ludwig Maximilian University of Munich.

The Company

The KION Group is one of the world’s leading providers of industrial trucks and supply chain solutions. Its full spectrum of services includes industrial trucks, such as forklift trucks and warehouse trucks, as well as integrated automation technologies and software solutions for the optimization of supply chains—including all related services. The KION Group’s solutions ensure the smooth flow of materials and information in customers’ warehouses, production plants, and distribution centers in over 100 countries.

The MDAX listed group is the largest manufacturer of industrial trucks in the EMEA region based on the number of units sold in 2023. Based on revenue for the year 2023, the KION Group is the leading overseas manufacturer in China, and including domestic manufacturers, the third-largest supplier there. The KION Group is also one of the world’s leading warehouse automation providers, based on 2023 revenue.

At the end of 2024, more than 1.9 million industrial trucks of the KION Group were in use by customers from all manner of sectors and of varying sizes on six continents. The group currently has more than 42,000 employees and generated revenue of approx. € 11.5 billion in the 2024 financial year.

You can access up-to-date image material for the KION Group via our image database https://kion-mediacenter.canto.global/v/MediaCenter/ as well as on our respective brands’ websites.

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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 significantly from the results that are currently expected due to various risk factors and uncertainties such as changes in economic or industry-specific conditions, changes in the market environment or political situation, changes in domestic or international legislation, interest rate or exchange rate fluctuations, legal disputes and investigations, and the availability of financial resources. We do not assume any responsibility for updating the forward-looking statements in this release.

Further information for media representatives

Dr. Christopher Spies
Director Group Communications
Cell +49 (0)151 14 06 52 27
christopher.spies@kiongroup.com

Further Information for Investors

Raj Junginger
Senior Manager Investor Relations
Phone +49 (0)69 201 107 942
raj.junginger@kiongroup.com

Website: www.kiongroup.com/media

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