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Wolfgang Faden succeeds Johannes Huth on the Supervisory Board of KION GROUP AG

  • Huth leaves the supervisory body after more than eight years

  • Feldmann: "With Wolfgang Faden we have gained an experienced manager"

Change on the Supervisory Board of KION GROUP AG: Wolfgang Faden (66) was appointed to the board with effect from 1 August. He succeeds Johannes Huth (55), a partner and member of the Executive Committee of Kohlberg Kravis Roberts & Co. Partners LLP. Huth stepped down from his post on 31 July 2015 after KION GROUP AG shares held in funds advised by KKR had been sold in full.

Faden has a degree in business administration and professional qualifications in insurance. Until 2011, he served as CEO for Germany and central Europe for Allianz Global Corporate & Specialty AG in Munich. Prior to that, he sat on the management board of Cologne-based Gerling Vertrieb Industrie AG and Gerling Vertrieb Firmen und Privat AG. Faden began his career in 1972 at the Gerling Group, where he held a variety of positions, including in management.

"With Wolfgang Faden, the Supervisory Board has gained an exceptionally experienced manager with a broad range of expertise. I am very much looking forward to working with him," said John Feldmann, chairman of the Supervisory Board of KION GROUP AG.

The Executive Board and Supervisory Board of the KION Group both acknowledged the achievements of Huth, who was Chairman of the Supervisory Board from 2007 to 2009: "Johannes Huth and his invaluable expertise played a crucial role in setting the KION Group on its current successful trajectory of profitable growth," said Feldmann. "We thank him for his many years of dedicated service, which began in the early days of the KION Group in 2007, and whose milestones include navigating a successful path through the crisis years of 2009/2010, entering into partnership with Weichai Power, floating on the stock market in 2013 and, in 2014, helping the company record the most successful year in its history."