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Klöckner & Co. Apoints New Member to Its Management Board

The Supervisory Board of Klöckner & Co SE has appointed Karsten Lork as a member of the company's Management Board with responsibility for Europe and Asia. Karsten Lork, who will take up office on 1 February 2013, holds a business degree and has 20 years of experience in the steel and metal industry. Following various management positions in the Krupp and subsequently the ThyssenKrupp Group, Mr. Lork was most recently chief sales officer and member of the board of the Inoxum Group (previously the ThyssenKrupp Stainless Segment), now owned by Outokumpu. Going forward, Mr. Lork will take over responsibility for the Europe and Asia activities, of which CEO Gisbert Rühl is currently acting head. This completes an expansion of the Management Board announced some time ago. The future Management Board comprises four members.

Klöckner & Co is the largest producer-independent distributor of steel and metal products and one of the leading steel service center companies in the European and American markets combined. The core business of Klöckner & Co is the warehousing and distribution of steel and non-ferrous metals as well as the operation of steel service centers. Based on the Group's distribution and service network, more than 170,000 customers are supplied through around 260 locations in 19 countries. Currently Klöckner & Co employs around 11,000 employees. The Group had sales of around €7.1 billion in fiscal 2011.