Press release
Burkhard Schuchmann Elected Chairman of the Supervisory Board of Demag Cranes AG
Düsseldorf, 6 March 2008. During its meeting following today's General Meeting, the
Supervisory Board of Demag Cranes AG elected Burkhard Schumann (65) as its Chairman
with immediate effect. Schuchmann will succeed Reinhard Gorenflos (46) who will
continue to be a ordinary member of the Supervisory Board. Gorenflos is partner of the
private equity investor Kohlberg Kravis Roberts & Co. (KKR) that divested its entire
shareholding in the Company in connection with the initial public offering in June 2006 and a
secondary offering in December 2006. The chairmanship election took placed shortly after
the General Meeting. At the meeting, Prof. Dr. h.c. Karlheinz Hornung, Robert J. Koehler,
Dr. Herbert Meyer and Dr. Martin Posth in addition to Burkhard Schuchmann and Reinhard
Gorenflos were elected as the shareholder representatives during the voting procedure for
the Supervisory Board (Agenda Item 6).
Burkhard Schuchmann has gained almost forty years of experience in industry and
operates currently as Vice Chairman of the Board of the Spanish company Patentes
Talgo SA, a manufacturer of locomotives and train equipment. Previously, he held
positions, amongst others, as Chairman of the Management Board of Vossloh AG.
About Demag Cranes AG
The Demag Cranes Group is one of the world's leading suppliers of industrial cranes and crane components, harbour cranes and
port automation technology. Services, in particular maintenance and refurbishments, are another key element of the Group’s
business activities. The Group is divided into the business segments Industrial Cranes, Port Technology and Services and has
strong and well-established "Demag" and "Gottwald" brands. Demag Cranes sees its core competence in the development and
construction of technically sophisticated cranes and hoists as well as automated transport and logistics systems in ports and
terminals, the provision of services for these products and the manufacture of high-quality components.
As a global supplier, Demag Cranes manufactures in 16 countries on five continents and operates a worldwide sales and service
network that is present in over 60 countries through its subsidiaries, representative offices and a joint venture. In financial
year 2006/2007, the Group, with its 5,813 employees, generated revenue of around EUR 1,080 million.
Since the end of June 2006, the Demag Cranes share (WKN: DCAG01) has been listed in the Prime Standard of the German
Stock Exchange and is included in the SDAX share index.
Demag Cranes. We Can Handle It.
Contact person for media representativesNikolai Juchem
Head of Corporate Communications and Marketing
phone: +49 (0)211-7102 1019
E-mail:
Contact person for investors and analysts
Horst Thelen
Head of Investor Relations
phone: +49 (0)211-7102 1210
E-mail:
