Media Information – Jens Fankhänel will leave Kardex

Zurich, November 25, 2022

Release of an ad hoc announcement pursuant to Art. 53 LR
The issuer is solely responsible for the content of this announcement.

Jens Fankhänel, CEO, has decided to take on a new professional challenge outside the Group. He will leave Kardex at the end of February 2023. Jens Fankhänel joined the Group in 2011 as Head of the Kardex Remstar Division and took over the role as Group CEO in April 2016. He has made a significant contribution to the successful development of Kardex over the past 12 years. The Board of Directors and the Management Board would like to thank him already today for his great commitment. The succession process will be initiated immediately. Jens Fankhänel, the Board of Directors and the Management Board will ensure a smooth handover of responsibilities over the coming months.

Contact for media and investors
Alexandre Müller    
Mobile: +41 (0)79 635 64 13

Edwin van der Geest
Mobile: +41(0)79 330 55 22

investor-relations@kardex.com

Kardex– Corporate Profile

Kardex is a global industry partner for intralogistic solutions and a leading supplier of automated storage solutions and material handling systems. The Group consists of two entrepreneurially managed divisions, Kardex Remstar and Kardex Mlog. Kardex Remstar develops, produces and maintains dynamic storage and retrieval systems and Kardex Mlog offers integrated materials handling systems and automated high-bay warehouses. The two divisions are partners for their customers over the entire lifecycle of a product or solution. This begins with an assessment of customer requirements and continues via the planning, realization and implementation of customer-specific systems through to ensuring a high level of availability and low lifecycle costs by means of customer-oriented lifecycle management. Around 2’000 employees in over 30 countries work for Kardex.

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