PR83615

MUNICH , April 8, 2020 /PRNewswire=KYODO JBN/ --

The Advisory Committee of IFCO Group announced today that as part of a

long-planned succession process, Wolfgang Orgeldinger will retire as CEO of

IFCO Group and Michael Pooley has been appointed as new CEO of IFCO Group. Mr.

Pooley will take over the responsibilities as Chief Executive Officer effective

1st July 2020.

Having joined in 2000, Wolfgang Orgeldinger has successfully shaped IFCO over

the last 20 years, first as COO and since 2013 as CEO. He will remain committed

and continue to support IFCO Group as he transitions to the Advisory Committee.

This transition has been planned well ahead of time in close cooperation

between Wolfgang Orgeldinger and the Advisory Committee and is designed to

ensure a smooth transition and handover over the next several weeks.

Michael Pooley is a strategic thinker who has led large scale successful growth

and change programs in Brambles and Exova Group. He comes with very relevant

experience in our industry within pooling and retail whilst having worked over

25 years in business management, sales and operations. Michael is well-known

for his digital knowledge with a focus on track & trace and big data analytics.

He graduated in 1990 from the University of Bath with a B. Eng. (Hons)

Mechanical Engineering and earned an MBA at the Henley Management College.

Stephan Förschle commented on behalf of the Advisory Committee: "We would like

to thank Wolfgang for his outstanding commitment and contribution to IFCO's

success and for his great support over the last 12 months following the

ownership transition. Wolfgang has led the development of IFCO over the last 20

years into the leading global Reusable Plastic Crates (RPC) solution provider.

We are very grateful that he will continue to support IFCO and our customers as

a member of the advisory committee going forward." Mr. Förschle continued: "In

close collaboration with Wolfgang, we have identified Michael through an

extensive search process. We are confident that Michael will successfully

continue IFCO's strategy and foster the company's profitable growth with

innovative products, digital solutions and best-in-class services with an

obsession to meet and exceed our customers' expectations. Michael knows IFCO

and a number of our customers very well from his time at Brambles. He combines

operational, technical and digital skills with commercial thinking and has a

strong go-to-market drive."

Wolfgang Orgeldinger added: "Since I have joined IFCO in December 2000, we have

grown the company from a small niche player generating c. €200m revenues to a

global leader in the RPC pooling industry with revenues of more than €1.0bn.

The IFCO team has successfully entered new markets, steadily grown our client

base, built-out our product and service offering, and improved our operations.

This has led to strong, consistent growth even throughout challenging economic

cycles. Within the last year, we have successfully managed the ownership

transition and with knowing the IFCO Group is in good hands, it is the right

moment for me to retire as CEO. I am excited to further support the company in

my new role as board member and am looking forward to seeing Michael Pooley and

the whole team shaping the next chapter in IFCO's long-lasting success story."

- Picture is available at AP Images (http://www.apimages.com) -

Additional information

IFCO is the leading global provider of reusable packaging solutions for fresh

foods, serving customers in 50+ countries. IFCO operates a pool of over 314

million Reusable Plastic Containers (RPCs) globally, which are used for over

1.7 billion shipments of fresh fruits and vegetables, meat, poultry, seafood,

eggs, bread, and other items from suppliers to grocery retailers every year.

IFCO RPCs ensure a better fresh food supply chain by protecting freshness and

quality and lowering costs, food waste and environmental impact compared to

single-use packaging. More: www.ifco.com.

Contact

IFCO:

Daniela Carbone

VP - Global Marketing

+49 89 99 38 87 51

Daniela.Carbone@ifco.com

https://www.ifco.com/

SOURCE: IFCO Systems