Palfinger AG

euro adhoc: Palfinger AG
Management Changes
PALFINGER AG - A new CEO appointed

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Company Information

19.06.2008

Herbert Ortner to become Chief Executive Officer of PALFINGER AG

o Wolfgang Anzengruber will remain CFO until the end of August 2008 o New CFO will be appointed in early 2009

The  Supervisory  Board  appointed  Chief  Marketing  Officer     Herbert    Ortner PALFINGER AG's new CEO today.  He  will  take  over the  office  from  Wolfgang Anzengruber with immediate effect.

Herbert Ortner (39) was global Business Unit Manager  for  industrial hoses  at the public  listed Semperit Group until 2001. He then   joined  PALFINGER,  where he developed the spare parts,  equipment,   and  service  business  before  being appointed to the Management Board in 2003. The focus of his activities as  Chief Marketing   Officer  included  PALFINGER's  railway  applications,  tail    lifts, transportable forklifts, and aerial work  platforms,  as  well  as   the  further expansion of the service business.

The incumbent CEO Wolfgang Anzengruber  will  stay  in  office  as   per  current agreement until the end of August 2008 and remain in charge  of  finances  until he leaves the Company.

The Management Board of PALFINGER AG  will  continue  to  be   composed  of  four members. The search for a successor in office has already started;  the  Company plans to appoint a new Chief Financial Officer in early 2009. With effect as  of September 2008 the new Chief Executive Officer Herbert  Ortner  will  take  over responsibility for the Group's finances on an interim basis.

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ots Originaltext: Palfinger AG
Im Internet recherchierbar: http://www.presseportal.ch

Further inquiry note:
Hannes Roither, PALFINGER AG
Company Spokesperson
Phone +43 662 46 84-2260
h.roither@palfinger.com
www.palfinger.com

Branche: Machine Manufacturing
ISIN:      AT0000758305
WKN:        919964
Index:    ATX Prime, ATX
Börsen:  Wiener Börse AG / official market



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