Volker Kronseder, Chairman of the Executive Board of Krones AG, has decided not to renew his contract, which expires on 31 December 2015. This is in keeping with the company’s internal rules. Kronseder has informed the Supervisory Board of Krones AG of his decision.
Kronseder, 61, will leave the Executive Board at the end of the day December 31, 2015. Kronseder has been a member of the beverage filling and packaging technology leader’s Executive Board since 1989 and has served as Chairman of the Executive Board since 1996.
Kronseder wishes to continue to contribute to the company’s successful development and assume responsibility for Krones AG. Therefore, he has also informed the Supervisory Board that he is available to stand for election to the Supervisory Board of Krones AG in the ordinary annual shareholders’ meeting in 2016.
Kronseder’s successor will be Christoph Klenk, whom the Supervisory Board has appointed Chairman of the Executive Board of Krones AG effective January 1, 2016. Klenk, 51, has been with KRONES AG since 1994. After serving in leadership positions in sales for the Asia-Pacific region, Christoph Klenk was appointed to the Executive Board in 2003. Until 2011, he was the Executive Board Member responsible for Research and Development and Product Divisions. Mr. Klenk has been the Executive Board Member responsible for Finance (CFO) at Krones AG since 2012.
The Supervisory Board has appointed an external candidate to succeed Christoph Klenk as CFO who has demonstrated his suitability through his work for another international group of companies and has many years’ experience in the packaging industry. The new CFO informed the Supervisory Board today that he accepts the position. The new executive’s name and starting date at Krones will be disclosed as soon as he and his current employer have reached agreement on the date of his resignation.”
