KION GROUP AG announced the completion of its Executive Board with the appointment of Marcus Wassenberg as Group Chief Financial Officer. The expansion of the Executive Board will come into effect in the first half of 2023. Marcus Wassenberg, 55, joins KION GROUP AG as CFO from Heidelberger Druckmaschinen AG.

His responsibilities at KION will include Accounting, Controlling, Finance, IT, as well as M&A and Investor Relations. The VPs Finance of the Operating Units will also report to Wassenberg. He will assume his new role by April 1, 2023, at the latest.

Since September 2019, he has been responsible for the successful implementation of a comprehensive transformation program as CFO at Heidelberger Druckmaschinen AG, improving the company's financial performance and competitiveness. He also served previously as CFO at Rolls-Royce Power Systems AG and Senvion AG. At both companies, he gained relevant industry experience and actively engaged with capital market participants.

Wassenberg will work alongside with the entire Executive Board to further drive the profitability of the Group and enhance the processes required to achieve this. He will also actively engage in the dialogue with the capital markets both on the equities and the debt side.