Rainer Beaujean appointed new CFO of Demag Cranes AG

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professional career

Düsseldorf (euro adhoc) - Düsseldorf, May 4, 2007. At its meeting
today the Supervisory Board of Demag Cranes AG appointed Mr. Rainer
Beaujean (38) as the new CFO of Demag Cranes AG with effect from June
1, 2007.

Rainer Beaujean was most recently CEO of T-Online International AG in
Darmstadt, the European market leader for Internet services. In this
position, which he held from 2004 until 2006, he was in particular
responsible for the expansion of T-Online and its
internationalization.

Having graduated in business studies he embarked on his professional
career in Group Accounting at Deutsche Telekom AG. From there he
transferred to the staff of the board member responsible for Finance
and Controlling before he became Head of Controlling reporting to the
board member for the International Subsidiaries and Investments
division. From February 2000 Rainer Beaujean worked as head of board
member support to the CFO. With effect from October 1, 2000, he
joined the Management Board of T-Online International AG as CFO.

The Supervisory Board of Demag Cranes AG is pleased that in Rainer
Beaujean it has acquired a proven financial and capital market expert
and an very experienced manager.

Rainer Beaujean replaces Dirk Kiessling (42), who for personal
reasons declined to have his contract prolonged and will leave the
company on May 31, 2007. The Supervisory Board acknowledges this
decision with regret and would like to thank Mr. Kiessling for his
fifteen years of successful service for what is today Demag Cranes AG
and its subsidiaries. Mr. Kiessling will remain available to the
company in an advisory role. The Supervisory Board wishes Mr.
Kiessling every continued success both in his career and his private
life, and all the very best.

Furthermore the Supervisory Board prolonged the contract of CEO
Harald J. Joos by three more years until March 31, 2011.

end of announcement euro adhoc 04.05.2007 16:11:13
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ots Originaltext: Demag Cranes AG
Im Internet recherchierbar: http://www.presseportal.de

Further inquiry note:
Anke Linnartz
Investor Relations
Telefon: +49(0211) 7102 1210
Email: anke.linnartz@demagcranes-ag.com

Branche: Machine Manufacturing
ISIN: DE000DCAG010
WKN: DCAG01
Index: CDAX, SDAX, Prime All Share, Classic All Share
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