DGAP-News

KROMI Logistik AG: Ulrich Bellgardt succeeds René Dannert on the Supervisory Board

DGAP-News: KROMI Logistik AG / Key word(s): Change of Personnel
KROMI Logistik AG: Ulrich Bellgardt succeeds René Dannert on the Supervisory
Board

01.09.2016 / 09:00
The issuer is solely responsible for the content of this announcement.

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KROMI Logistik AG: Ulrich Bellgardt succeeds René Dannert on the
Supervisory Board

- Switch follows the acquisition of the majority shareholding by
Investmentaktiengesellschaft für langfristige Investoren TGV

- Bellgardt offers long-standing experience in various management
positions at industrial companies

- Managing Board thanks Dannert for his many years of commitment

Hamburg, 1 September 2016 - KROMI Logistik AG, a provider of end-to-end
tool logistic solutions for manufacturing companies, is welcoming Ulrich
Bellgardt as a new member of the Supervisory Board from 1 September.
Bellgardt succeeds René Dannert, who is stepping down from his position
effective as of 31 August 2016.

Ulrich Bellgardt, born in 1957, offers rich experience gathered during many
years in management positions at various industrial companies, including as
Managing Director of today's SMT Scharf Group as well as CEO of Surface
Technology, a division of Saurer AG. He is currently Managing Partner at
the Swiss strategy and management consultancy ubc GmbH.

René Dannert played a considerable role in the success of the company's IPO
in 2007 as CFO of KROMI Logistik AG before making the switch to the
Supervisory Board. His current Supervisory Board term would have expired in
December 2016. This change in the Supervisory Board comes about on the back
of the acquisition of the majority shareholding and public takeover bid by
the Investmentaktiengesellschaft für langfristige Investoren TGV announced
in June of this year, which was expressly supported by the Managing Board
and Supervisory Board of KROMI Logistik AG in a joint statement.

Jörg Schubert, CEO of KROMI Logistik AG, comments on the change in the
Supervisory Board: "In René Dannert we are losing long-time companion whose
name remains synonymous with the successes of KROMI Logistik AG. We would
like to extend our greatest thanks to him for his outstanding commitment
and loyalty to KROMI Logistik AG over all these years. By the same token,
we are delighted to have found such an experienced and skilled successor in
Ulrich Bellgardt and we look forward to establishing a good working
relationship with him."

The appointment of Ulrich Bellgardt is taking place pursuant to § 104 para.
1 of the German Stock Corporation Act (AktG) at Hamburg District Court.
Bellgardt will stand for election by shareholders at the Annual General
Meeting this December as part of an additional election process.

About KROMI Logistik AG

KROMI Logistik AG offers manufacturing companies in Germany and abroad end-
to-end tool management, i.e. outsourcing the procurement of precision
tools, especially technically demanding cutting tools for metal and
plastics processing. KROMI Logistik AG combines the classical tool trade
with decentralised tool management via automatic delivery systems in the
client's production area as well as an innovative IT system for an
efficient tool management and controlling system. With this comprehensive
offering covering the entire production chain, the company appeals to
clients in the general mechanical engineering, as well as the automotive,
aerospace and maritime sectors. In the last ten years KROMI Logistik AG has
developed its business significantly, generating approximately EUR 63.3
million with over 150 employees in 11 countries around the world in the
last fiscal year 2014/2015. This trend has continued in the first nine
months of the current fiscal year, outperforming the market with revenue
growth of 9.3%.

Visit us online at: www.kromi.de

Investor relations contact:
cometis AG
Claudius Krause
Tel.: [phone]
Fax: [phone]
E-mail: [e-mail]


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01.09.2016 Dissemination of a Corporate News, transmitted by DGAP - a
service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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Archive at www.dgap.de

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Language: English
Company: KROMI Logistik AG
Tarpenring 11
22419 Hamburg
Germany
Phone: [phone]
Fax: [phone]
E-mail: [e-mail]
Internet: www.kromi.de
ISIN: DE000A0KFUJ5
WKN: A0KFUJ
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated
Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich,
Stuttgart


End of News DGAP News Service
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497873 01.09.2016