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FLSmidth appoints new Group Chief Financial Officer

06.01.2012

Company Announcement to the Danish Financial Supervisory Authority No. 01-2012, 6 January 2012

Mr. Poul Erik Tofte, Group Chief Financial Officer (CFO) of FLSmidth & Co. A/S since 2003 has decided to seek new challenges outside FLSmidth and therefore wishes to resign by the end of March this year.

Mr. Ben Guren will be appointed new Group Chief Financial Officer (CFO) of FLSmidth & Co. A/S and member of Group Executive Management, and is expected to take up his new position no later than 1 July 2012.

Ben Guren, age 51, is a Norwegian citizen and has since 2007 been Group Vice President Finance, IT & Legal of Jotun Group, Norway. 2006 to 2007 Ben Guren was acting as Chief Financial Officer (CFO) of Helly Hansen Group, Norway and from 1989 to 2006 he was partner in KPMG, Norway. Ben Guren is state-authorised public accountant, graduated from the Norwegian School of Economics & Business Administration in Bergen.

The Board wishes to thank Poul Erik Tofte for his contribution to the decisive and successful turnaround of the FLSmidth Group and look forward to welcoming Ben Guren.         
  
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Please address any questions regarding this announcement to Chairman of the Board of Directors Vagn Sørensen, FLSmidth & Co. A/S at +45 36 18 18 00.

For further information about FLSmidth, please visit www.flsmidth.com.

On behalf of the Board of Directors

Vagn Sørensen
Chairman of the Board of Directors, FLSmidth & Co. A/S