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People & Events 23.10.2013

Volker and Norman Kronseder arrange transfer of Krones shares to their children

Volker Kronseder, Chairman of the Executive Board, and Norman Kronseder, Member of the Supervisory Board, are making arrangements to ensure the future orderly transfer of their Krones shares to their children. To this end, they have signed agreements that comply with current tax and legal requirements.

Volker Kronseder, Chairman of the Executive Board, and Norman Kronseder, Member of the Supervisory Board, are making arrangements to ensure the future orderly transfer of their Krones shares to their children. To this end, they have signed agreements that comply with current tax and legal requirements. Volker Kronseder has placed shares in a foundation for this purpose.

Thus, Volker and Norman Kronseder have taken proactive steps to continue the company’s tradition as a successful family enterprise. The existing pooling agreement, under which the voting rights of all members of the Kronseder family and their enterprises are exercised as a voting trust, remains unaffected by the transfer agreements described above. In this way, the Kronseder family retains a 51.85% stake and remains a stable majority shareholder of Krones AG.

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