Wolfgang Pilz Resigns from the Management Board of PALFINGER AG

Bergheim, November 8, 2016

Wolfgang Pilz, Chief Marketing Officer of PALFINGER AG, asked the Supervisory Board today to approve his resignation from the company‘s Management Board for private reasons. The Supervisory Board accepted his resignation with immediate effect. The responsibilities of Wolfgang Pilz will be assigned to the other three Management Board members. Wolfgang Pilz will continue to serve the PALFINGER Group as an advisor.

“It was with a great deal of regret that we fulfilled the request made by Wolfgang Pilz, considering the fact that he made a significant contribution to the ongoing sales success of our systems in recent decades”, says Hubert Palfinger jun., Chairman of the Supervisory Board of PALFINGER AG, in commenting on the management change. “The internationalization of our market presence would not have been so successful without his achievements. The entire PALFINGER Group owes him a great debt of gratitude, and we are pleased that he will continue to support the company in an advisory capacity in the coming years.”

Wolfgang Pilz, 57, has been working for PALFINGER for a period of 33 years, since 1984. He began his career in the marketing and sales of cranes. In 1997, he was named Managing Director of Crane Technology, the core business area of PALFINGER AG. Wolfgang Pilz was named Member of the Management Board and Chief Marketing Officer in 2003, a position he has held since then.