PALFINGER MARINE - Management Change

INTRODUCTION - BERNHARD PEINTNER

Bernhard Peintner has a strong background in Business Development and successfully performed in corresponding positions across several industries. Based on this extensive experience, he joined PALFINGER AG in 2011 as Head of Corporate Development & Ventures. End of 2012, he agreed to move to Norway as part of PALFINGER MARINE’s acquisition of Bergen Group Dreggen. After more than three years as Head of Business Unit Offshore Cranes in Bergen and the successful completion of the merger between Palfinger Dreggen and Norwegian Deck Machinery in 2016, Bernhard moved back to Austria and took over the lead in Business Unit Wind Cranes. Since 2017, he has been responsible for the entire crane business of PALFINGER MARINE as Vice President of the newly formed Product Division Cranes.

INTRODUCTION - GUNTHER FLECK

Gunther Fleck has more than 20 years track record in strategy execution, finance, controlling and management accounting. He gained extensive international experience in leading management positions. Before he joined PALFINGER in 2004 he has worked as finance manager and deputy managing director in the producing industry. After joining PALFINGER’s corporate controlling he was appointed CFO of the French hook loader manufacturer GUIMA Palfinger S.A.S. In 2010 he changed to PALFINGER MARINE as Head of Finance and IT, where he contributed to the significant growth of the marine business within the PALFINGER Group, continuing that role as PALFINGER MARINE’s Vice President Finance, Legal and IT since 2017.