Supervisory Board extends the Members of the Board's contracts until 2016

Ulrich Schümer has been re-appointed as the Chairman of the Board for a further 5 years

Horstmar, (PresseBox) - The Supervisory Board of Schmitz Cargobull AG extended the Board Member contracts for Andreas Schmitz (41), Ulrich Schöpker (57) and Ulrich Schümer (56) until the 15th December 2016 during the regular meeting that was held today. "Ulrich Schümer has been re-appointed as the Chairman of the Board for an extended period", announced the Chairman of the Supervisory Board, Peter Schmitz, immediately after the meeting.

The current 3-year contact awarded to Andreas Schmitz (Board member responsible for Central and Eastern European sales) was due to end on the 15th December 2011 but the Supervisory Board has now extended this Board Member's contract by five years up to the 15th December 2016.

The current 5-year contracts for Ulrich Schümer (Chairman of the Board), Ulrich Schöpker (Sales in Western Europe and Marketing) were also due to end on the 15th December 2013 and the Supervisory Board of Schmitz Cargobull AG has extended both contracts ahead of schedule so that both contracts now run until the 15th December 2016.

"The Supervisory Board would like to thank the three Members of the Board for all of the work that they have undertaken so far and wish them continuing success over the next five years", declared the Chairman of the Supervisory Board, Peter Schmitz, afterwards.

Schmitz Cargobull AG

Schmitz Cargobull AG has its origins in Altenberge in Munsterland (Germany), and was founded as a forge in 1892. Since then the company has developed into the European trailer and body manufacturer in the commercial vehicle industry with the highest turnover. Schmitz Cargobull has more than seven industrial production sites in Europe. Sales markets are all of the European countries, including Central and Eastern Europe as well as the Near and Middle East. It presently employs more than 4,500 people and recorded a turnover of approx. 1,200,000 euros for the fiscal year 2010/2011 (01.04. - 31.03.) which confirms Schmitz Cargobull's position as the European market leader. The Company delivers box semitrailers for transporting food throughout the dry freight and refrigerated transport sector, platform and curtainsider semitrailers for "general cargo" and finished commercial products (beverages, paper & steel), tipper semitrailers for bulk goods as well as semitrailer container chassis for intermodal transport. Schmitz Cargobull produced around 35,000 vehicles during the 2010/2011 business year. A complete package of services rounds off the company's portfolio: Cargobull Finance - leasing and hire-purchase, Cargobull Parts & Services - service and spare parts, Cargobull Service Partners - repairs and maintenance, Cargobull Telematics - trailer telematics and the Cargobull Trailer Store - used-vehicles.

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