Krones AG (0LQ4.IL)

123.50 -1.00 (-0.80%) At close: 05:41PM BST

Krones AG

Böhmerwaldstraße 5
Neutraubling 93073
Germany
49 9401 70 0
https://www.krones.com

Sector(s): Industrials
Industry: Specialty Industrial Machinery
Full-time employees: 17,746

Key executives

Name	Title	Pay	Exercised	Year born
Mr. Christoph Klenk	Chairman of Exec. Board & CEO	1.64M	N/A	1963
Mr. Thomas Ricker	Chief Sales Officer & Member of Exec. Board	1.11M	N/A	1968
Mr. Markus Tischer	Member of Exec. Board	1.03M	N/A	1968
Mr. Ralf Goldbrunner	Member of Exec. Board	962k	N/A	1970
Mr. Stefan Raith	Head of Bus. Line - Line Solutions & Employee Representative Member of Supervisory Board	45.5k	N/A	1972
Ms. Uta Anders	CFO & Member of Exec. Board	N/A	N/A	1970
Mr. Olaf Scholz	Head of Investor Relations, Treasury and M&A	N/A	N/A	N/A
Roland Pokorny	Head of Corp. Communications	N/A	N/A	N/A
Dr. Ulrich Noll	Head of Fin. & Admin. - Africa/Middle East	N/A	N/A	N/A
Ingrid Reuschl	Head of PR	N/A	N/A	N/A

Amounts are as of 31 December 2022, and compensation values are for the last fiscal year ending on that date. Pay includes salary, bonuses, etc. Exercised is the value of options exercised during the fiscal year. Currency in EUR.

Description

Krones AG, together with its subsidiaries, engages in the planning, development, and manufacture of machines and lines for the production, filling, and packaging technology in Germany and internationally. It operates in three segments, Filling and Packaging Technology, Process Technology, and Intralogistics. The Filling and Packaging Technology segment offers machines and lines for stretch blow molding, filling, capping, tempering, labelling, printing, packing, palletizing, inspection, cleaning, conveying, and block technology products, as well as for producing PET containers and converting used plastic bottles into food-grade recycled material. The Process Technology segment supplies machines and lines for producing and processing beer, soft drinks, fruit juices, milk, dairy drinks, water, spirits, plant-based drinks, and alternative proteins; and provides water treatment solutions. The Intralogistics segment is involved in the planning and design of fully automated warehousing, order-picking and material flow systems with high-speed feeders, conveyors, and automated guided vehicle systems. It also offers complete logistics systems, supply and disposal systems, and custom IT and digitalization solutions that manage and optimize all production processes. The company serves breweries; beverage producers; and companies from the food, chemical, pharmaceutical, and cosmetic industries. Krones AG was founded in 1951 and is headquartered in Neutraubling, Germany.

Corporate governance

Krones AG’s ISS governance QualityScore as of 1 October 2023 is 7. The pillar scores are Audit: 3; Board: 9; Shareholder rights: 10; Compensation: 5.

Corporate governance scores courtesy of Institutional Shareholder Services (ISS). Scores indicate decile rank relative to index or region. A decile score of 1 indicates lower governance risk, while 10 indicates higher governance risk.