KHD appoints new Chief Executive Officer (CEO)

Cologne, Germany, February 13, 2015 – Today the Supervisory Board of KHD Humboldt Wedag International AG (KHD), Cologne, appointed Mr. Johan Cnossen (55) as member of the Company’s Management Board, effective May 1, 2015. Mr. Cnossen will serve as Chief Executive Officer (CEO). Currently Johan Cnossen works as Vice President Middle East Operations at Jacobs Inc.

„As an experienced leader with a proven track record in the Global Engineering and EPC Industry, I am convinced that Johan Cnossen will be successful in guiding the KHD Group through this challenging market environment and towards sustainable growth“, stated Hubert Keusch, Chairman of KHD’s Supervisory Board.

The current CEO, Jouni Salo, has decided to step down for personal reasons as he has moved back to his home in the United States. Today Mr. Salo signed a termination agreement with KHD. He resigned from his function as CEO and from his office as member of KHD’s Management Board effective as of April 30, 2015. The Supervisory Board would like to thank Mr. Salo for his dedicated work in the past seven years and wishes him all the best for his personal and professional future.

KHD Group

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.

Additional Information

ISIN: DE0006578008
Securities identification number (WKN): 657800
Market segment: Regulated Market (General Standard) of the Frankfurt Stock Exchange

KHD Humboldt Wedag International AG
Colonia-Allee 3
51067 Cologne, Germany

Contact

KHD Humboldt Wedag International AG
Michael Nielsen
Investor Relations

Tel.: +49 (0)221 – 6504-1500
E-Mail: michael.nielsen@khd.com
Website: www.khd.com

Related topics

KHD Humboldt Wedag International AG: Sufficient Shares Available For CATIC

On January 19, 2011, the subscription period for new shares of KHD Humboldt Wedag International AG (“Company”) ended. As announced in the ad hoc disclosure from December 21, 2010, the capital increase would be completed only if upon close of the subscription period sufficient shares from the authorized capital remain available to permit CATIC’s indirect subsidiary Max Glory Industries Ltd. (“MGI”) to subscribe for such a number of new shares which results in MGI holding 20% of the shares in the Company post completion.

KHD Humboldt Wedag International AG: Strategic Partnership with China-based CATIC

KHD Humboldt Wedag International AG (‘KHD’), one of the world’s major suppliers of cement manufacturing equipment, has concluded a strategic partnership with Beijing (Peoples Republic of China) based CATIC Beijing Co., Ltd. (‘CATIC’), a subsidiary of China’s state-owned AVIC International Holding Corporation.

KHD wins two major orders totalling 85.0m EUR

KHD Group, one of the world’s major suppliers of cement manufacturing equipment, has won a major order from India based UltraTech Cement, the largest cement producer in India and member of the Aditya Birla group.