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Kardex expands decision‐making authority of the divisions and streamlines management structure

The Kardex Group is reorganizing its management. By streamlining the Group’s organizational structure, decision‐making processes are to be shortened. With effect from 1 June 2011, the Group is to be headed by a newly created Executive Committee comprising the Chairman and Vice Chairman of the Board of Directors, the three division heads of Kardex Remstar, Kardex Stow and Kardex Mlog, as well as the Group CFO.

The Kardex Group is one of the world’s leading producers of automated storage systems for a wide range of applications across all industries. Kardex's global service organization looks after the requirements of the Group's customers and their logistics systems on‐site around the world. By transferring operational management functions to the divisions, Kardex aims to shorten the decisionmaking process, bringing it closer to the customer and so strengthening the market positioning of the individual companies.

The forward transfer of decision‐making authority means that the function of Chief Operating Officer will no longer be required. The newly established Executive Committee is to be headed by Philipp Buhofer, who has been Chairman of the Board of Directors of Kardex AG since 26 April 2011. Board

Vice Chairman Felix Thöni will also be assuming strategic duties on the Executive Committee.
The other members are the division heads of Kardex Stow (Jos De Vuyst), Kardex Remstar (Jens Fankhänel) and Kardex Mlog (Stefan Seidl), as well as the Group CFO (Gerhard Mahrle).

Contact for media and investors::

Edwin van der Geest

Communication consultant

Philipp Buhofer
Chairman of the Board of Directors

Tel. +41 (0)79 330 55 22



Calendar of events



23. August 2011

Interim Report 2011

29. March 2012

Annual Report 2011

24. April 2012

Annual General Meeting 2012



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