Demag Cranes AG

euro adhoc: Board of Directors (Appointments and Changes)
Management Changes / Demag Cranes AG Appoints Aloysius Rauen As New Chairman of the Management Board

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Management Change


Ad-hoc News Pursuant to Section  15 German Securities Trading Act (Wertpapierhandelsgesetz - WpHG)

Management Changes / Demag Cranes AG Appoints Aloysius Rauen As New
Chairman of                                                 the Management Board

Düsseldorf, February 23, 2009.  By a resolution of today, the Supervisory  Board of Demag Cranes AG has appointed Mr. Aloysius Rauen (52)  as  a  member  and  as chairman of the Management Board with effect as of May 1, 2009. Mr. Rauen,  most recently chairman of the managing directors of  Eurofighter  Jagdflugzeug  GmbH, will follow Mr. Harald Joos (56) as chairman  of  the  Management  Board, whose appointment is terminated by mutual consent as of March 31, 2009.

Mr. Joos will leave his office with the  Company  by  mutual  consent with  the Supervisory Board because of differing views. Since Mr. Joos will at  any  event not be available after the current term of his office for personal reasons,  the Supervisory Board and Mr. Joos have jointly become convinced  to  implement  the change now. Mr. Joos will say his goodbye to the shareholders in the  course  of the General Meeting on March 03, 2009. The Supervisory  Board  thanks   Mr.  Joos for the excellent work he has effected for the Company.

Furthermore, the Supervisory Board  has  resolved  to  modify  the   schedule  of responsibilities  of  the  Management  Board.  Futurely, the  chairman  of  the Management Board will, amongst others, also   be  responsible  for  the  Services segment; he will furthermore assume the  Human  Ressources  department  and  the office as labour director. In addition to the  Industrial  Cranes  segment,  Mr. Thomas Hagen (46) will futurely also be  responsible  for  the  Port Technology segment.

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ots Originaltext: Demag Cranes AG
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Further inquiry note:
Susanne Tengler
Telefon: +49(0)211 7102-1211

Branche: Machine Manufacturing
ISIN:      DE000DCAG010
WKN:        DCAG01
Index:    MDAX, CDAX, Classic All Share, Prime All Share
Börsen:  Börse Frankfurt / regulated dealing/prime standard
              Börse Berlin / free trade
              Börse Hamburg / free trade
              Börse Stuttgart / free trade
              Börse Düsseldorf / free trade
              Börse München / free trade

Weitere Meldungen: Demag Cranes AG

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