Demag Cranes AG

Rainer Beaujean appointed new CFO of Demag Cranes AG

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professional career

Düsseldorf (euro adhoc) - Düsseldorf, May 4, 2007. At its meeting today the Supervisory Board of Demag Cranes AG appointed Mr. Rainer Beaujean (38) as the new CFO of Demag Cranes AG with effect from June 1, 2007.

Rainer Beaujean was most recently CEO of T-Online International AG in Darmstadt, the European market leader for Internet services. In this position, which he held from 2004 until 2006, he was in particular responsible for the expansion of T-Online and its internationalization.

Having graduated in business studies he embarked on his professional career in Group Accounting at Deutsche Telekom AG. From there he transferred to the staff of the board member responsible for Finance and Controlling before he became Head of Controlling reporting to the board member for the International Subsidiaries and Investments division. From February 2000 Rainer Beaujean worked as head of board member support to the CFO. With effect from October 1, 2000, he joined the Management Board of T-Online International AG as CFO.

The Supervisory Board of Demag Cranes AG is pleased that in Rainer Beaujean it has acquired a proven financial and capital market expert and an very experienced manager.

Rainer Beaujean replaces Dirk Kiessling (42), who for personal reasons declined to have his contract prolonged and will leave the company on May 31, 2007. The Supervisory Board acknowledges this decision with regret and would like to thank Mr. Kiessling for his fifteen years of successful service for what is today Demag Cranes AG and its subsidiaries. Mr. Kiessling will remain available to the company in an advisory role. The Supervisory Board wishes Mr. Kiessling every continued success both in his career and his private life, and all the very best.

Furthermore the Supervisory Board prolonged the contract of CEO Harald J. Joos by three more years until March 31, 2011.

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ots Originaltext: Demag Cranes AG
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Further inquiry note:
Anke Linnartz
Investor Relations
Telefon: +49(0211) 7102 1210

Branche: Machine Manufacturing
ISIN:      DE000DCAG010
WKN:        DCAG01
Index:    CDAX, SDAX, Prime All Share, Classic All Share
Börsen:  Frankfurter Wertpapierbörse / official dealing/prime standard
              Börse Berlin-Bremen / free trade
              Hamburger Wertpapierbörse / free trade
              Baden-Württembergische Wertpapierbörse / free trade
              Börse Düsseldorf / free trade
              Bayerische Börse / free trade

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