Supervisory Board appoints Yizhen “Mario” Zhu as third Management Board member of KHD Humboldt Wedag International AG

Cologne, March 29, 2011 – The Supervisory Board of KHD Humboldt Wedag International AG (“KHD”) has appointed Yizhen “Mario” Zhu (39) to be the company’s third Management Board member. As COO Asia Pacific, Yizhen “Mario” Zhu will take on the future responsibility for the integration of KHD technology, products and services into international EPC (turnkey plant) projects, as well as for the expansion of KHD Group’s business activities in China, and in the entire Asia-Pacific region. Before moving to KHD, Mr. Zhu led the cement division (CATIC Cement Tech) of CATIC Beijing Co. Ltd. as Assistant President since 2008.

The areas of responsibility of the two Management Board members Jouni Salo (CEO) and Manfred Weinandy (CFO) are unaffected by Yizhen “Mario” Zhu’s appointment. The Supervisory Board has appointed Yizhen “Mario” Zhu to the Management Board for a three- year period of office

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

cometis AG
Ulrich Wiehle / Susanne Gremmler

Tel.: +49 (0)611 – 205855-23
Fax: +49 (0)611 – 205855-66
E-Mail: wiehle@cometis.de

Related topics

KHD Concludes Negotiations on New Bank Guarantee Bonding Facility Totaling € 130,000,000

Claudius Peters Projects GmbH (“CPP”) and KHD Humboldt Wedag GmbH (“KHD”) have settled all disputes relating to or arising out of alleged patent infringement, validity of, and/or breach of intellectual property rights in and to the ETA Cooler technology and other related matters.

KHD Humboldt Wedag International AG: Settlement of a dispute with Claudius Peters Projects GmbH

Effective from 1st of February, 2020, Matthias Mersmann has been appointed by the Supervisory Board as a new member of the Management Board of KHD Humboldt Wedag International AG. He contributes his long-term expertise in the technology of cement manufacturing processes and equipment design which he has acquired in various executive positions with OEM suppliers as well as independent consultant.

KHD Humboldt Wedag International AG: Update of revenue guidance for 2011

KHD Humboldt Wedag International AG (KHD), one of the leading suppliers of plant and services for the cement industry, has announced today that previously projected revenues (August 2011) of € 270 million for the 2011 financial year will not be reached. Uncertainty in some markets, in particular India, has led to lower cement demand and thus customer postponements in project execution. Nevertheless KHD retains its EBIT guidance of € 16 – € 19 million for the current financial year. KHD will publish Q3 2011 financial results on November 11, 2011.