Baton handover at the KRONE Group

Spelle, 27 September 2019. After 16 successful years, Alfons Veer (65) will leave his position as Chairman of the Executive Board of Bernard Krone Holding SE & Co. KG and retire at the end of the year. At the same time, he will be moving to the Supervisory Board of the Krone Group on 1 January 2020. Alfons Veer will be succeeded as CEO by Dr David Frink (46) who has been Chief Financial Officer of the Krone Group since the beginning of 2018. From 1 October 2019, Dr Frink will also head the Agricultural Machinery division within the Holding.

New to the Krone executive team is Dr Stefan Binnewies (48) who will join the Krone Holding Executive Board as Chief Operating Officer (COO) on 1 October 2019 and who will also head the Commercial Vehicles division within the Holding while overseeing Stratetic Purchasing, Investments, Human Resources and Legal. Dr Binnewies worked for Jungheinrich AG for nine years, most recently as Managing Director of Jungheinrich Logistiksysteme.

Another new member in the Krone Holding is Ole Klose (53). As of 1 October 2019, he will be a member of the Executive Board (with power of attorney) with responsibilities for Treasury, Taxes, Sales Financing, Insurance and Equity Investments. Ole Klose previously worked for the Bankhaus Lampe Group for 16 years, most recently as Managing Director of Lampe Investment Management.

"We are very pleased that we have been able to gain two recognised executives, Dr Binnewies and Mr Klose, whose expertise will be very valuable for the company, particularly with regard to the ongoing internationalisation and continued expansion of our company," said Bernard Krone, Managing Partner of Krone Holding. "Also, we very much welcome the fact that Mr Veer will continue to contribute his long-standing expertise to the Supervisory Board of the Krone Group".