Sauer-Danfoss Inc.
Sauer-Danfoss names Jørgen M. Clausen as Chairman of the board
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Sauer-Danfoss names Jørgen M. Clausen as Chairman of the board, Dr. Sven Murmann
becomes Vice Chairman
Dr. Klaus H. Murmann named Chairman Emeritus
Chicago/Neumünster, May 6, 2004. Sauer-Danfoss Inc.’s (NYSE: SHS; FSE: SAR)
board of directors has named Jørgen M. Clausen as Chairman of Sauer-Danfoss Inc.
Mr. Clausen replaces Dr. Klaus H. Murmann, who will remain on the board and has
been named Chairman Emeritus. Dr. Sven Murmann has been named Vice Chairman of
the board of directors.
The change in Chairmanship of the specialist for mobile hydraulic and electronic
systems and components is in keeping with the planned transition agreed at the
time of the merger between Sauer Inc. and Danfoss Fluid Power A/S.
Jørgen Clausen is President and CEO of Danfoss A/S, a $2.5 billion global
manufacturer of components and subsystems for the refrigeration, air
conditioning, heating, water and motion control industries. He is also Chairman
of the Board of Risoe National Laboratories and Chairman of Junior
Achievement/Young Enterprise Europe. He has been Vice Chairman of Sauer-Danfoss
since 2000. Dr. Sven Murmann is Managing Director of Sauer Holding GmbH. He has
been on the board of directors of Sauer-Danfoss since 1994.
David Anderson, President and CEO, commented, “We were extremely fortunate to
have Dr. Klaus Murmann’s leadership with his 40 years of international business
experience and his unwavering focus on technology leadership in hydraulics and
electronics for the mobile equipment industry.” Dr. Klaus Murmann’s guidance
will continue as a director and Chairman Emeritus auf Sauer-Danfoss.
Jørgen Clausen stands for success and continuity: He has more than 25 years of
global business experience, many of which directly in the fluid power industry.
Thus assures a seamless transition of the Chairman’s responsibility. Anderson
stated: “Jørgen Clausen has many years of experience and extensive knowledge of
our business.”
Sauer-Danfoss Inc. is a worldwide leader in the design, manufacture, and sale of
engineered hydraulic and electronic systems and components, for use primarily
in applications of mobile equipment. Sauer-Danfoss, with more than 7,000
employees worldwide and revenue of more than $1 billion, has sales,
manufacturing, and engineering capabilities in Europe, the Americas, and the
Asia-Pacific region. The Company’s executive offices are located near Chicago
in Lincolnshire, Illinois. More details online at www.sauer-danfoss.com.
Further Information: Sauer-Danfoss Inc. – Investor Relations
John N. Langrick, Director of Finance Europe, Sauer-Danfoss Inc.,
Tel.: +49 4321-871-190, Fax: +49 4321-871-121, Krokamp 35, D-24539 Neumünster,
jlangrick@sauer-danfoss.com
Linda Völpel, Investor Relations Specialist, Sauer-Danfoss Inc.,
Tel.: +49 4321-871-560, Fax: +49 4321-990-581, Krokamp 35, D-24539 Neumünster,
lvoelpel@sauer-danfoss.com
Grit Muschelknautz, Public Relations, HOSCHKE & CONSORTEN,
Tel.: +49 40-369050-41, Fax: +49 40-369050-10, Deichstr. 29, D-20459 Hamburg,
g.muschelknautz@hoschke.de
end of message, (c)DGAP 06.05.2004
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WKN: 880208; ISIN: US8041371076; Index:
Listed: Amtlicher Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin-
Bremen, München und Stuttgart
060800 Mai 04
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