Demag Cranes AG extends Aloysius Rauen’s term of office as Member of the Management Board and CEO for a further five years
Düsseldorf, 06. May 2011
During its meeting today, the Supervisory Board of Demag Cranes AG extended Aloysius Rauen’s term of office as Member of the Management Board and CEO of Demag Cranes for a further five years until 30 April 2017.
Aloysius Rauen (54) became CEO and Member of the Board of Demag Cranes AG with effect from 1 May 2009.
About Demag Cranes
Demag Cranes AG is one of the world’s leading providers of industrial cranes, crane components, harbour cranes and terminal automation technology. Services, in particular maintenance and refurbishment services, are another core element of the Group’s business activities. The Group is divided into the business segments Industrial Cranes, Port Technology and Services and has strong and well-established Demag and Gottwald brands. Demag Cranes sees its core competence in the development and construction of technically sophisticated cranes and hoists as well as automated transport and logistics systems in ports and terminals, the provision of services for these products and the manufacture of high-quality components.
As a global supplier, Demag Cranes manufactures in 16 countries on five continents and operates a worldwide sales and service network that is present in over 60 countries through its subsidiaries such as Demag Cranes & Components GmbH and Gottwald Port Technology GmbH, agencies and a joint venture. In financial year 2009/2010, the Group, with its 5,711 employees, generated revenue of EUR 931.3 million. Since the end of June 2006, the Demag Cranes share (WKN: DCAG01) has been listed in the Prime Standard of the Frankfurt Stock Exchange and is traded on various indices including the MDAX®.
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Conditions for forward-looking statements
This press release contains forward-looking statements relating to the business, financial performance and earnings of Demag Cranes AG and its subsidiaries and associates. Forward-looking statements are based on current plans, estimates, projections and expectations and are therefore subject to risks and uncertainties, most of which are difficult to estimate and which in general are beyond the control of Demag Cranes AG. Consequently, actual developments as well as actual earnings and performance may differ materially from those which are explicitly or implicitly assumed in the forward-looking statements. Demag Cranes AG does not intend or accept any obligation to publish updates of these forward-looking statements.