Marcus A. Wassenberg is his name

Martin Schrüfer,

KION Group appoints new Chief Financial Officer

KION GROUP AG is strengthening its Executive Board with the appointment of Marcus Wassenberg as Chief Financial Officer (CFO) and Valeria Gargiulo as Chief People and Sustainability Officer (CPSO). The expansion of the Executive Board will take effect in the first half of 2023 and the position of CPSO will be newly created.

© KION

Marcus Wassenberg (55) is moving from Heidelberger Druckmaschinen AG to KION GROUP AG as CFO. He will be responsible for accounting, controlling, finance, IT as well as M&A and investor relations activities within the Group Executive Board. The VPs Finance of the operating units will also report to Wassenberg. Wassenberg will take up his new role by April 1, 2023 at the latest. As CFO of Heidelberger Druckmaschinen AG since September 2019, he has been responsible for the successful implementation of a comprehensive transformation program to improve the company's financial stability and competitiveness. Previously, he was CFO at Rolls-Royce Power Systems AG and Senvion AG. At both companies, he gained extensive industry experience and actively engaged with capital market participants. Wassenberg will work together with the entire Management Board to increase the Group's profitability and further develop the necessary processes. He will also be actively involved in the dialog with the capital market - both on the equity and debt side.

Valeria Gargiulo (50) joins KION from Daimler Truck AG and will take up her position as Chief People and Sustainability Officer in Frankfurt/Main from May 1, 2023 at the latest. She will also assume the role of Labor Director. Gargiulo's responsibilities at KION include the Group-wide areas of HR, health and safety and sustainability. As Chief Human Resources Officer, Gargiulo will focus, among other things, on attracting and intensively developing talent for the intralogistics group worldwide, equipping internal teams with all the necessary skills and further promoting a diverse, equal and inclusive culture that encourages employee engagement and unlocks their long-term potential. At Daimler Trucks, she is Vice President People & Organizational Development. With around 30 years of experience in HR, sales, legal and M&A, she brings extensive international experience and an excellent track record in organizational development - including the trustful relationship with social partners. As an active member of the ESG Steering Committee, she is also instrumental in developing and implementing a progressive sustainability vision for her current employer. Based on her many years of experience in the areas of environmental, social and responsible corporate governance, she will strengthen KION's sustainability profile, significantly increase its transparency and implement appropriate measures in a targeted manner.

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"With Valeria Gargiulo and Marcus Wassenberg, two experienced executives with a proven track record, high performance standards and convincing visions for the future will strengthen the current Executive Board under the chairmanship of Rob Smith," says Dr. Michael Macht, Chairman of the Supervisory Board of KION GROUP AG. "The new appointment to the Executive Board underlines the KION Group's clear commitment to achieving its medium-term strategic goals quickly and in full. This applies in particular to strong profitability, the implementation of important sustainability targets and the expansion of internal personnel planning and development."

Rob Smith, Chief Executive Officer of the KION Group, adds: "At KION, we are focused on mastering the challenges of our time - as an attractive employer and with profitable growth. As a responsible company, we will contribute to the positive and sustainable development of our environment and society. I look forward to realizing our goals together with Valeria Gargiulo, Marcus Wassenberg and all other Executive Board colleagues."

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