Palfinger : Felix Strohbichler appointed new CFO of PALFINGER AG

• The Supervisory Board has appointed Felix Strohbichler as the Company's new CFO, succeeding Christoph Kaml as of 1 October 2017
• 15 years of experience at PALFINGER, 12 thereof as head of various business divisions

'We are pleased to welcome Mr Strohbichler, an allrounder in the field of business management, to our Management Board', says Hubert Palfinger jun., Chairman of the Supervisory Board of PALFINGER AG, commenting on the reasons for Strohbichler's appointment. 'He knows our Group from his experience in a variety of positions and has been successful as the managing director of various business divisions.'

After completing a doctorate in law, Strohbichler engaged in academic work and was employed with a law firm before joining PALFINGER AG in 2000 as the head of its legal department. Later, as the managing director of Palfinger Europe GmbH, he was primarily in charge of sales and service for the loader crane product area, and, as the head of the business unit tail lifts, he was responsible for the acquisitions of Ratcliff (UK) and MBB (DE). In 2010, he was in charge of the restructuring of the French subsidiary Guima Palfinger. Prior to leaving PALFINGER to take up his post as managing director of B&C Industrieholding GmbH in 2015, he was the managing director of Palfinger EMEA GmbH, where his main responsibilities included marketing, sales and service as well as finances and controlling.