Press Release Executive Board
27.11.2015|Change in the Executive Board of DMG MORI AKTIENGESELLSCHAFT

Biermann becomes new Chief Financial Officer

Bielefeld. The Supervisory Board of DMG MORI AKTIENGESELLSCHAFT has appointed Dipl.-Kfm. Björn Biermann as full member of the Executive Board with immediate effect. Mr. Biermann succeeds Dipl.-Kfm. André Danks whose appointment has been revoked during yesterday’s Supervisory Board meeting. The Supervisory Board thanks Mr. Danks for his accomplishments.

Björn Biermann (36) has been head of controlling and corporate planning for DMG MORI AKTIENGESELLSCHAFT since October 2010 and heads the transparency department for assessment of transactions with major shareholders. Mr. Biermann will be responsible for controlling, finance, accounting, taxes and risk management. He has been working for the company since 2008.

The Supervisory Board has also agreed to the termination of the Executive Board’s contract with Dr Thorsten Schmidt. As of 1 January 2016, he will be in charge of the development of a comprehensive direct sales and service system in the USA; on this he will establish a new DMG MORI organisation in the USA. Dr Schmidt can rely upon the sales and service know how and the capabilities of both companies. The Supervisory Board thanks Dr Schmidt, who has been working for the company since 2001, for his accomplishments. Sales and service have already been steered by DMG MORI Sales and Service Holding AG from Winterthur for two years.

The Executive Board

Disclaimer, Forward-looking statement

Disclaimer, Forward-looking statement

Statements relating to the future:This press release contains statements relating to the future, which are based on current estimates by the management regarding future developments. Such statements are based on the management's current expectations and specific assumptions. They are subject to risks, uncertainties and other factors, which could lead to the actual future circumstances including the assets, liabilities, financial position and profit or loss of DMG MORI AKTIENGESELLSCHAFT differing materially from or being more negative than that those expressly or implicitly assumed or described in these statements. The business activities of DMG MORI AKTIENGESELLSCHAFT are subject to a series of risks and uncertainties, which may result in forward-looking statements estimates or forecasts becoming inaccurate. Should one of these factors of uncertainty or other unforeseeable event occur, or should the assumptions on which these statements are based prove incorrect, the actual results may differ materially from the results stated, expected, anticipated, intended, planned, aimed at, estimated or projected in these statements. Forward-looking statements must not be understood as a guarantee or assurance of future developments or events contained therein.

There are two companies using the name “DMG MORI“: DMG MORI AKTIENGESELLSCHAFT with registered office in Bielefeld, Germany, and DMG MORI COMPANY LIMITED with registered office in Nagoya, Japan. This release refers exclusively to DMG MORI AKTIENGESELLSCHAFT. If reference is made in this release to the “DMG MORI group”, this refers exclusively to the DMG MORI AKTIENGESELLSCHAFT and its group companies.