KHD appoints new CFO
Cologne, Germany, May 6, 2013 – Mr. Ralph Quellmalz (43) has been appointed Chief Financial Officer and member of the Management Board of KHD Humboldt Wedag International AG.
Mr. Quellmalz holds a degree in economics from the University of Cologne, Germany. Before joining KHD in 2006, Mr. Quellmalz worked for one of the big four accounting firms. There he gained a wealth of experience through auditing the Annual Statutory Financial Statements and consolidated Financial Statements of major international clients, with a strong focus on the construction business.
Prior to his appointment as CFO, Mr. Quellmalz worked as KHD’s Global Head of Finance for several years and has a strong understanding of the cement industry, the current challenging market environment, the project business in emerging economies and of course KHD’s business model. During this time he also acquired a great deal of knowledge about the local accounting practices as well as the cultural differences at KHD’s regional Customer Service Centers. As a member of the Management Board of KHD’s subsidiary company, KHD Humboldt Wedag Industrial Services AG, he is also familiar with all corporate governance, compliance and operational matters associated with listed companies. Furthermore, Mr. Quellmalz has experience in restructuring measures, acquisitions / disposals and spin-offs as well as due diligence processes.
The KHD Supervisory Board has taken this decision after careful consideration. “We in the Supervisory Board wanted to take enough time for this very important decision and make sure that we appoint the right person to lead and support the further development of the Group”, comments Ms. Eliza Yuen, Chairperson of the Supervisory Board. “It is also important for us that Mr. Quellmalz can take over the CFO duties starting on day one, as he already knows the Group and its business very well” continues Ms. Yuen.
Amongst his other responsibilities, Mr. Quellmalz will take the lead for KHD’s investor relations. “By having a full time CFO appointed, KHD can now intensify its investor relations activities within the framework of our investor relations policy, including investor conferences and road shows”, says Mr. Luc Baehni, Vice Chairperson of the Supervisory Board. “KHD will continue an open, constructive and regular dialogue with all stakeholders”.
Supervisory Board of KHD Humboldt Wedag International AG
Eliza Suk Ching Yuen
KHD is a global leader for providing equipment and services to cement producers with over 150 years of experience in the cement industry. Process engineering and project management are among the core competencies of the technology-focused group. KHD offers a wide spectrum of products and services for the cement industry and is a leader in environmentally friendly and energy-efficient products for the grinding and pyro processing sections of the plants. The holding company KHD Humboldt Wedag International AG, based in Cologne, Germany, coordinates its internationally operating subsidiaries. The group employs more than 750 employees worldwide, including customer service centers in growing markets like India, Russia and the Asia Pacific region. KHD Humboldt Wedag International AG (ISIN: DE0006578008, WKN: 657800) is listed on the Frankfurt stock exchange (General Standard). More information: www.khd.com.
KHD Humboldt Wedag International AG
Tel.: +49 (0)221 – 6504-1500