Tognum to get new Board of Management member

• Rainer Breidenbach to hand over his office to Peter Kneipp in 2011

Friedrichshafen, 18 October 2010. Tognum Board of Management member Rainer Breidenbach (55), who is responsible for the Business Unit Engines, will be leaving the company on 31.12.2010 at his own request. He has asked the Supervisory Board to terminate his contract, which was due to run until 31.10 2011, prematurely for personal reasons and will then take early retirement. His successor will be Peter Kneipp (52), who has successfully managed the Asia/Pacific sales region for the Tognum Group for the last few years, will take over as of 1.01.2011.

Rolf Eckrodt, Chairman of the Supervisory Board of Tognum AG: “We regret that Rainer Breidenbach has taken this decision. Since he joined the company in 2005, his decades of experience in sales and distribution have enabled him to become a major force in shaping the sales approach pursued by the Tognum Group and he ultimately takes the credit for the success we have achieved. He will nevertheless continue to support us in an advisory capacity.“

With the appointment of Peter Kneipp as the new member of the Tognum Board of Management for the Business Unit Engines, the company is demonstrating continuity at senior management level. Rolf Eckrodt: “With Peter Kneipp, we have appointed a man to the Board of Management with considerable international experience and many years of success to his credit as the Managing Director of our most important subsidiary who will continue the successful management of our largest Business Unit Engines.“ Born in Heilbronn, the mechanical engineer joined MTU Friedrichshafen in 1989 as a project manager for marine propulsion systems. At an early stage in his career, Peter Kneipp was involved in projects that enabled him to acquire experience in the Asia-Pacific region, where he has worked and lived since 1997.

He began in Singapore, where he spent several years working mainly in customer service and after sales. Then in 2000, Peter Kneipp transferred to Australia, where for several years he held the position of Managing Director of mtu’s subsidiary, MTU Detroit Diesel Australia. Following a an interim period in the USA at MTU Detroit Diesel, Peter Kneipp has been President and CEO of the fastest growing Tognum subsidiary, MTU Asia Ltd., since 2004. During this time, the revenues of the Asian subsidiary have doubled and operating profit has multiplied many times over. With the targeted expansion of the production, sales and distribution network by setting up company-owned manufacturing facilities and joint ventures in Asia, Peter Kneipp has been extremely successful in implementing Tognum’s strategy of regional expansion, particularly in the areas of decentralised power generation, mining and the lower power range. Peter Kneipp is married and has three adult children.