Pallet-Management-Services - AFM

Wolfgang Orgeldinger became Chief Operating Officer of the company in January 2002 and
previously served as Chief Information Officer of IFCO SYSTEMS with responsibility for elogistics
and IT since December 2000. Mr. Orgeldinger also became a Managing Director of
IFCO SYSTEMS GmbH in February 2001 and is serving as Supervisory Board member in
subsidiaries of the Company. Before joining IFCO SYSTEMS Mr. Orgeldinger was a member of
the Executive Board of Computer 2000 AG, Europe's leading IT distributor, where he was
responsible for the company’s European logistics, IT, technical services, and configuration and
assembly operations. From 1997 to 1999, Mr. Orgeldinger served as Managing Director of the
Computer 2000 Deutschland GmbH, prior to that he worked there for 3 years as Director IT &
Logistics. Before joining Computer 2000, Mr. Orgeldinger worked for nine years for Digital
Equipment in various management positions in the area of marketing, sales, consulting, IT and
operations.
David S. Russell became President of IFCO SYSTEMS North America Inc. (Pallet-Management-
Services and RPC US) in January 2002. He joined IFCO SYSTEMS North America in May 2000
as Senior Vice President with responsibility for sales and marketing and as General Manager for
the US RPC business. Prior to joining IFCO SYSTEMS, he served, beginning in March 1999, as
a Director and President and Chief Executive Officer of General Rental, Inc., a privately held
equipment rental company in Pompano Beach, Florida. From October 1996 to August 1998, Mr.
Russell was Vice President/ General Manager of Ryder TRS, Inc., a privately held company with
publicly traded bond debt in Denver, Colorado. Beginning in 1982, Mr. Russell also served in
various management positions, including as an Officer, at Ryder System, Inc., a publicly traded
company, until the sale of its Consumer Truck Rental Division in October 1996.
ACTIVITIES OF THE SUPERVISORY BOARD
The Supervisory Board held fourteen (14) meetings in 2006, except one all were held together
with both the Executive Management Committee and the Board of Managing Directors.
The items discussed included a number of recurring subjects, such as Company’s strategy, the
financial performance of the Company in 2006, acquisition of the CHEP US RPC business,
business plan 2007, stock option issues and corporate governance issues such as Supervisory
Board resignation scheme, approval of a Supervisory Board Profile and approval of the
amendment of Supervisory Board Committee Charters. The Supervisory Board put special
emphasis on and discussed frequently the ongoing ICE investigation and consulted with the
Company’s law firm Baker & McKenzie.
On February 21, 2007 the Supervisory Board conducted a meeting with the accountants and
discussed the consolidated and separate financial statements. Following that discussion the
Supervisory Board approved the consolidated and separate financial statements 2006.
The Supervisory Board is acting in accordance with the Company’s Supervisory Board Charter.
The Supervisory Board, the Board of Managing Directors and Executive Management
Committee are acting in accordance with the Company’s Code of Ethics.
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