Fundamentals of the KION Group

The accounting policies used in this interim report are essentially the same as those used for the year ended December 31, 2023. The reporting currency is the euro.

Management and control

At the beginning of May 2024, the Supervisory Board of KION GROUP AG extended the contract of the current Chief Executive Officer, Rob Smith, by a further five years to December 31, 2029.

On January 1, 2024, Michael Larsson joined the Executive Board of KION GROUP AG as President KION SCS & ITS Americas. He is responsible for the Supply Chain Solutions (SCS) segment and for the Americas region in the Industrial Trucks & Services (ITS) segment. Also on January 1, 2024, Ching Pong Quek took on an additional role as the new Chief Technology Officer (CTO). The Executive Board member remains in his role as President KION ITS APAC, but his previous responsibility for the Americas region in the ITS segment has been transferred to Michael Larsson. As a result of these changes, the schedule of responsibilities for the Executive Board was updated with effect from January 1, 2024.