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Press release

Joachim Ehlers to become the new CFO of the Nagel-Group. Frank Böschemeier will join the Administrative Board.

Versmold, 06 June 2018 – Joachim Ehlers will assume the role of Chief Financial Officer (CFO) of the Nagel-Group from 1 July 2018. He will take over this role from Frank Böschemeier, who is to join the Administrative Board and chair the Finance and Audit Committee.

Joachim Ehlers joined the Nagel-Group in 2015. As Head of Corporate Finance & Controlling, the 50-year-old Mr Ehlers already plays a key role in shaping the company's finance division. Among other things, Mr Ehlers, who is well-versed with the banking sector, has set up modern communication with the financial market. He has also secured the Nagel-Group's financing for years to come under the leadership of Frank Böschemeier.

Mr Ehlers has gained considerable experience over the course of his career. He has worked for KPMG Wirtschaftsprüfungs- & Steuerberatungsgesellschaft (audit and tax consultancy), GE Capital Bank, heristo AG, and Deutsche Steinzeug AG. The trained banker and graduate in Business Administration (Diplom-Kaufmann) was born in Cologne on 31 August 1967. He has two children.

Joachim Ehlers

Joachim Ehlers will take over as CFO from Frank Böschemeier, who has been in the role since 1 March 2010 and has been responsible for the finance and HR divisions. Frank Böschemeier will continue to contribute his extensive expertise in his new role. As a member of the Nagel-Group's Administrative Board, which was formed in 2018, the 55-year-old Mr Böschemeier will continue to play a decisive role in shaping the company's fortunes. He will set up and chair the newly created Finance and Audit Committee.

Marion Nagel, Chairperson of the Administrative Board of the Nagel-Group, says: "The upcoming change to the Board of Directors is characterised by strong continuity. The two seasoned financial experts are well established in the company and in the banking sector, and their outstanding achievements qualify them for the new tasks. We would like to wish Mr Böschemeier and Mr Ehlers every success in their new areas of responsibility."

Frank Böschemeier

About Nagel-Group

The Nagel-Group, which specialises in food logistics, operates throughout Europe and has its headquarters in Versmold. It employs over 12,000 people in more than 130 locations in 16 countries. Recently the company reported a turnover of 1.9 billion euros. The company group moves food consignments of all sizes and in all temperature ranges. Whether frozen products, meat, dairy products, coffee or sweets – by order of manufacturers and retailers the Nagel-Group daily provides consumers all over Europe with the right goods in the right quality at the right time. Thus, the Nagel-Group makes a substantial contribution to the success of its customers.

Contact

Kraftverkehr Nagel SE & Co. KG
Nagel-Group Headquarters
Nils Ortmann
+49 5423 960 641
nils.ortmann@nagel-group.com