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Information according to Sec. 243b of the BusineSS Code / Governing Bodies Corporate Governance Report > search Print Corporate Governance Report Information according to Sec. 243b of the Business Code PALFINGER is committed to the standards of the Austrian Code of Corporate Governance (www.corporate-governance.at) and complies with nearly all rules of the Code. In accordance with legal provisions, this commitment is evaluated by an external auditor. The evaluation result confirms that corporate governance is genuinely put into practice at PALFINGER. The audited questionnaire is made available to all interested parties on the Company’s website (www.palfinger.com). www.palfinger.com Investor Relations Corporate Governance Commitment to CG Governing Bodies and the Operations of the Management and Supervisory Boards according to Sec. 243b Para. 2 of the BusineSS Code According to the Austrian Companies Act (AktG), the Management Board of PALFINGER AG manages the Company under its own responsibility in such a manner as is in the best interest of the Company, taking into consideration the interests of the employees and of the shareholders as well as the public interest. Loyalty towards one’s colleagues, an open mind, a regular exchange of information and fast decision-making processes are among the Company’s supreme principles. The Supervisory Board supervises the management and assists the Management Board in significant decisions. Open communication between the Management Board and the Supervisory Board and also within the respective Boards has a long-standing tradition at PALFINGER. At its meetings held in 2011, the Supervisory Board primarily discussed the ongoing business operations in the context of the current economic environment, measures to cut costs and the capital employed, projects of acquisition and expansion, risk management as well as the forecast for 2012. At present there are no women on either the Supervisory Board or the Management Board or in any top management positions at PALFINGER. Even in the levels below that, the share of women in executive positions is low and/or limited to administrative positions. PALFINGER intends to change this situation in the medium term. To this end, PALFINGER has increased the Company’s presence at job fairs and has specifically addressed prospective female applicants of high potential. When new executive positions are created or existing ones become vacant, PALFINGER is making a greater effort to encourage women to apply for such positions. However, one problem in this regard is that technical training is a prerequisite for the majority of executive positions at PALFINGER. The proportion of female engineers is extremely low which is often why no women apply for a position in the Company. Nevertheless, PALFINGER will continue its efforts to step up the percentage of women in the management development programmes. 32 palfinger Annual Report 2011
search Print Governing Bodies Corporate Governance Report Management Board The Management Board of PALFINGER AG is composed of four members; Herbert Ortner has been the CEO since June 2008. Name First appointment End of term Herbert Ortner (CEO) 1 February 2003 31 December 2015 Christoph Kaml (CFO) 1 January 2009 31 December 2015 Wolfgang Pilz (CMO) 1 February 2003 31 December 2015 Martin Zehnder (COO) 1 January 2008 31 December 2015 Herbert Ortner CEO – Chief Executive Officer Born in 1968, Herbert Ortner was global Business Unit Manager for industrial hoses at the publicly 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 February 2003. The focus of his activities as Chief Marketing Officer included PALFINGER’s railway applications, tail lifts, transportable forklifts and access platforms as well as the further expansion of the service business. As CEO he has been in charge of legal affairs, procurement, personnel, sustainability, communications and investor relations since June 2008. Christoph Kaml CFO – Chief Financial Officer Born in 1974, Christoph Kaml started his career with Gemini Consulting. Before joining PALFINGER AG in 2004, he was a holder of a general commercial power of attorney at an M&A consulting company in Switzerland. In 2006, he switched from PALFINGER Corporate Development to the management of the area North America domiciled in Niagara Falls, Canada, where he was in charge of finances, strategy and business development. Since January 2009, Kaml has been PALFINGER AG’s Chief Financial Officer. Wolfgang Pilz CMO – Chief Marketing Officer Born in 1959, Wolfgang Pilz has been working at PALFINGER in the crane business since 1984. He was appointed Marketing & Sales Manager of the truck crane division in 1997. Since February 2003, he has been Chief Marketing Officer and thus responsible for the marketing and sale of PALFINGER products. Martin Zehnder COO – Chief Operating Officer Born in 1967, Martin Zehnder started his career at Alstom Schienenfahrzeuge AG in 1984. From 2000 to 2005 he was Managing Director of Development and Production for Keystone Europe in France. In 2005 Martin Zehnder became Global Manufacturing Manager in charge of all manufacturing facilities of the PALFINGER Group, and since January 2008 he has been the Company’s Chief Operating Officer, responsible for global manufacturing and assembly. palfinger Annual Report 2011 33
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