euro adhoc: Palfinger AG / Management Changes / PALFINGER AG - A new CEO appointed (E)

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19.06.2008

Herbert Ortner to become Chief Executive Officer of PALFINGER AG

o Wolfgang Anzengruber will remain CFO until the end of August 2008
o New CFO will be appointed in early 2009

The Supervisory Board appointed Chief Marketing Officer Herbert Ortner
PALFINGER AG's new CEO today. He will take over the office from Wolfgang
Anzengruber with immediate effect.

Herbert Ortner (39) was global Business Unit Manager for industrial hoses at
the public listed Semperit Group until 2001. He then joined PALFINGER, where
he developed the spare parts, equipment, and service business before being
appointed to the Management Board in 2003. The focus of his activities as Chief
Marketing Officer included PALFINGER's railway applications, tail lifts,
transportable forklifts, and aerial work platforms, as well as the further
expansion of the service business.

The incumbent CEO Wolfgang Anzengruber will stay in office as per current
agreement until the end of August 2008 and remain in charge of finances until
he leaves the Company.

The Management Board of PALFINGER AG will continue to be composed of four
members. The search for a successor in office has already started; the Company
plans to appoint a new Chief Financial Officer in early 2009. With effect as of
September 2008 the new Chief Executive Officer Herbert Ortner will take over
responsibility for the Group's finances on an interim basis.

Further inquiry note:
Hannes Roither, PALFINGER AG
Company Spokesperson
Phone +43 662 46 84-2260
[email protected]
www.palfinger.com

end of announcement euro adhoc
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emitter: Palfinger AG
F.W.Schererstraße 24
A-5101 Bergheim
phone: 0662/4684 2275
FAX: 0662/4684 109
mail: [email protected]
WWW: www.palfinger.com
sector: Machine Manufacturing
ISIN: AT0000758305
indexes: ATX Prime, ATX
stockmarkets: official market: Wiener Börse AG
language: English

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