Cevian Capital Appoints Eckhard Cordes as Partner

Cevian Capital Appoints Eckhard Cordes as Partner PR Newswire PFAFFIKON, Switzerland, October 16, 2012 PFAFFIKON, Switzerland, October 16, 2012 /PRNewswire/ -- Cevian Capital, Europe's largest active ownership fund manager, has appointed Dr Eckhard Cordes as a partner. In this function, Cordes will strengthen Cevian Capital's business activities in Germany and Northern Europe. Eckhard Cordes is one of Germany's most respected industrialists, having gained a wide range of business expertise over a period of more than 30 years in CEO and senior executive positions at major German companies. These positions included 20 years in leadership positions with the Daimler Benz Group (including CEO of Mercedes Car Group and CEO of Daimler Commercial Vehicles (trucks, busses and vans)). After leaving Daimler, he spent four years as CEO of Franz Haniel & Cie, one of Germany's largest family-owned industrial holding companies. From 2007 th [1]through 2011 he was CEO of Metro AG, the world's 4 largest retailer with about $90 billion of revenues, 2,100 locations and 280,000 staff in 33 countries. He also has significant experience as a board director, and has served or currently serves as a director of numerous industrial companies including SKF AB, Carl Zeiss AG, Rheinmetall AG, Schaeffler AG, EADS, Mitsubishi Motors, as well as on the advisory board of Rothschild. He currently chairs German industry's Committee on Eastern European Economic Relations.