Volker Kronseder, Chairman of the Executive Board of Krones AG, has decided not to renew his contract, which expires on December 31, 2015. This is in keeping with the company's internal rules. Mr. Kronseder has informed the Supervisory Board of Krones AG of his decision.

Volker Kronseder continues to contribute to the company's successful development and assume responsibility for Krones AG. Therefore, he has also informed the Supervisory Board that he is available to stand for election to the Supervisory Board of Krones AG in the ordinary annual shareholders meeting in 2016. The Supervisory Board has appointed Christoph Klenk his successor as Chairman of the Executive Board of Krones AG effective January 1, 2016.

Christoph Klenk has been a Member of the Executive Board since 2003 and responsible for Finance (CFO) at Krones AG since 2012. The Supervisory Board has appointed an external candidate to succeed Christoph Klenk as CFO who has demonstrated his suitability through his work for another international group of companies and has many years' experience in the packaging industry. The new CFO informed the Supervisory Board that he accepts the position.