Frithjof Schäfer appointed new CFO of Schenker Deutschland AG

(Berlin/Frankfurt) - Effective September 1,
2008, Frithjof Schäfer (48) has been appointed member of the Management
Board of Schenker Deutschland AG. With his appointment as Chief
Financial Officer (CFO) he is responsible for the company’s financial
activities of the German subsidiary as well as in the Europe Central
Region. Schäfer succeeds Hugo Ruhmann, who will leave the company on
August 31st.

After earning a degree in Business Administration (Diplom-Kaufmann),
Schäfer joined the previous Schenker & Co GmbH in Berlin in 1985.
Following assignments at Karpeles Schenker, and in the main office in
Frankfurt, he was appointed CFO of Schenker (Asia Pacific) Ltd.,
Singapore, in 1995 where he was responsible for the company’s financial
activities in the Asian-Pacific Region. In 2001 he was appointed CFO of
Schenker’s Dutch subsidiary company. He became Chief Financial Officer
of Schenker, Inc. in the USA in 2004, where he most recently coordinated
the integration of BAX Global.

Schenker Deutschland AG is a part of the DB Schenker Logistics business
unit and has about 12,900 employees working at over 100 locations. The
company generates annual revenues of € 3.2 billion and is one of the
leading providers of integrated logistical services in the German
market.