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PRESS RELEASE: GEA Group Aktiengesellschaft: Johannes Giloth appointed to GEA's Executive Board

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DGAP-News: GEA Group Aktiengesellschaft / Key word(s): Personnel
GEA Group Aktiengesellschaft: Johannes Giloth appointed to GEA's Executive
Board (news with additional features)

2019-10-17 / 10:30
The issuer is solely responsible for the content of this announcement.

*Johannes Giloth appointed to GEA's Executive Board *

Düsseldorf, October 17, 2019 - The Supervisory Board of GEA Group
Aktiengesellschaft has appointed Johannes Giloth (49) to the company's
Executive Board with effect from January 20, 2020, where he will assume
responsibility for the newly created Procurement, Production and Logistics
organization. Johannes Giloth comes from the Nokia telecommunications group,
where he has held the position of Chief Procurement and Chief Supply Chain
Officer for several years and - amongst other things - successfully
implemented the digitalization of the group's procurement organization and
supply chain.

Dr. Helmut Perlet, Chairman of GEA's Supervisory Board, stated: "With
Johannes Giloth, GEA welcomes an internationally experienced manager, who is
uniquely qualified and suitable for establishing the new Executive Board
portfolio on the basis of his extensive expertise that includes specialized
knowledge in the fields of process optimization and digitalization.
Furthermore, within the framework of a wide range of different projects, he
has demonstrated that a streamlined supply chain and/or procurement
organization may sustainably support operational business while giving rise
to additional growth."

Holding a Master of Business Administration and Engineering degree, Johannes
Giloth already held many different management positions at both national and
international level in the areas of procurement, logistics and production
before assuming his current position, amongst others with Nokia and Siemens.

In the future, GEA's currently highly decentralized purchasing activities
will be subsumed under one global procurement organization. Moreover, GEA is
seeking to further optimize its production footprint and bring about more
flexibility, for instance by operating multi-purpose sites at which
different products may be manufactured subject to demand.

Stefan Klebert, CEO of GEA Group Aktiengesellschaft, added: "I am delighted
that the Supervisory Board has appointed Johannes Giloth as the company's
COO. Given his high level of expertise, he is the right person to assume
this function for the purpose of harnessing GEA's potential synergies that
have not been fully exploited yet - in particular as far as procurement and
the production footprint are concerned - and for further optimizing them by
means of a new, uniform management structure."

*Corporate Media and Press:*
Marc Pönitz
Peter-Müller-Str. 12, 40468 Düsseldorf
Tel. +49 (0)211 9136-1500

*About GEA*
GEA is one of the largest suppliers for the food processing industry and a
wide range of other industries that generated consolidated revenues of
approximately EUR 4.8 billion in 2018. The international technology group
specializes in machinery, and plants as well as process technology and
components. GEA provides sustainable energy solutions for sophisticated
production processes in various end-user markets and offers a comprehensive
service portfolio. The group generates around 70 percent of its revenue in
the food and beverages sector that enjoys long-term sustainable growth. As
of December 31, 2018, the company employed about 18,500 people worldwide.
GEA is a market and technology leader in its business areas. The company is
listed on the German MDAX (G1A, WKN 660 200), the STOXX(R) Europe 600 Index
and selected MSCI Global Sustainability Indexes. Further information is
available on the Internet at gea.com [1].

GEA Group Aktiengesellschaft
Phone +49 (0)211 9136 1081
Fax +49 (0)211 9136 31087
Additional features:

Picture: http://newsfeed2.eqs.com/mg-technologies/891729.html [2]
Subtitle: Johannes Giloth, künftiger COO der GEA Group Aktiengesellschaft
für die Bereiche Einkauf, Produktion und Logistik

2019-10-17 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.

The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Archive at www.dgap.de
Language: English
Company: GEA Group Aktiengesellschaft
Peter-Müller-Straße 12
40468 Düsseldorf
Phone: +49 (0)211 9136-0
Fax: +49 (0)211 9136-31087
E-mail: ir@gea.com
Internet: www.gea.com
ISIN: DE0006602006
WKN: 660200
Indices: MDAX
Listed: Regulated Market in Berlin, Dusseldorf, Frankfurt (Prime
Standard), Hamburg, Munich; Regulated Unofficial Market in
Hanover, Stuttgart, Tradegate Exchange
EQS News ID: 891729

End of News DGAP News Service

891729 2019-10-17

1: https://link.cockpit.eqs.com/cgi-bin/fncls.ssp?fn=redirect&url=07b76bfe193a72811d2b2856e955bb27&application_id=891729&site_id=vwd&application_name=news
2: https://link.cockpit.eqs.com/cgi-bin/fncls.ssp?fn=redirect&url=41c770cfd3b6bc7a5eccf4d994ab700b&application_id=891729&site_id=vwd&application_name=news

(END) Dow Jones Newswires

October 17, 2019 04:30 ET ( 08:30 GMT)

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