Kardex AG: Kardex streamlines holding organisation

30 April 2013, Company News

Kardex AG  / Key word(s): Miscellaneous

30.04.2013 06:45

Release of an ad hoc announcement pursuant to Art. 53 KR

Media Information

Zurich, 30 April 2013

Kardex streamlines holding organisation

Kardex AG, holding company of the Kardex Group, further streamlines its
management organisation in light of the planned sale of the Kardex Stow
Division. The Board of Directors has decided to annul the Group CFO
position without filling it again. Therefore, the current CFO and Member of
the Executive Committee, Gerhard Mahrle, will leave the company as of
mid-May 2013. The Board of Directors and the Executive Committee would like
to thank Gerhard Mahrle for his great commitment for the benefit of the
Kardex Group and wishes him all the best for his professional and personal

Thomas Reist, Head of Group Controlling, will be responsible for the
finance department of Kardex Holding in his new function as Head of Finance
and Controlling of Kardex AG as of 1 May 2013. In this function he will
directly report to the Executive Director, Felix Thöni.

Contact for media and
Edwin van der Geest
Investor Relations
Tel. +41 79 330 55 22


Calendar of events:
22 August 2013              2013 Half-year-closing, Publication Interim
                            Report 2013
13 March 2014               2013 Year-end-closing, Publication Annual
                            Report 2013
                            2014 Media and analysts' conference
24 April 2014               2014 Annual General Meeting

Kardex Group - Corporate Profile The Kardex Group is a leading supplier of static and automated storage solutions and materials handling systems. It consists of the three corporate divisions Kardex Remstar, Kardex Stow and Kardex Mlog. Kardex Remstar develops, produces and maintains shuttles and dynamic storage and retrieval systems, Kardex Stow static storage systems, pallet shuttles and automated mobile shelving systems and Kardex Mlog integrated materials handling systems and automated high-bay warehouses. All divisions are partners for their customers over the entire lifecycle of a product or solution. This starts with an assessment of customer requirements and continues via the planning, realization and implementation of customer-specific systems through to ensuring a high level of availability and low lifecycle costs by means of customer-oriented lifecycle management. More than 2 000 employees in over 30 countries worldwide work for the companies of the Kardex Group. Disclaimer This communication contains statements that constitute 'forward-looking statements'. In this communication, such forward-looking statements include, without limitation, statements relating to our financial condition, results of operations and business and certain of our strategic plans and objectives. Because these forward-looking statements are subject to risks and uncertainties, actual future results may differ materially from those expressed in or implied by the statements. Many of these risks and uncertainties relate to factors which are beyond Kardex's ability to control or estimate precisely, such as future market conditions, currency fluctuations, the behavior of other market participants, the actions of governmental regulators and other risk factors detailed in Kardex's past and future filings and reports and in past and future filings, press releases, reports and other information posted on Kardex Group companies' websites. Readers are cautioned not to put undue reliance on forward-looking statements, which speak only of the date of this communication. Kardex disclaims any intention or obligation to update and revise any forward-looking statements, whether as a result of new information, future events or otherwise. 30.04.2013 News transmitted by EquityStory AG. The issuer is responsible for the contents of the release. EquityStory publishes regulatory releases, media releases on the capital market and press releases. The EquityStory Group distributes authentic and real-time financial news for over 1'300 listed companies. The Swiss news archive can be found at www.equitystory.ch/news --------------------------------------------------------------------------- Language: English Company: Kardex AG Thurgauerstrasse 40 8050 Zürich Switzerland Phone: +41 (0)44 419 44 79 Fax: E-mail: investor-relations@kardex.com Internet: www.kardex.com ISIN: CH0100837282 Swiss Security Number: A0RMWK Listed: Freiverkehr in Berlin, München, Stuttgart; Frankfurt in Open Market ; SIX End of Announcement EquityStory News-Service ---------------------------------------------------------------------------