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FLSmidth to appoint new Group Executive Vice President

23.03.2012

Company Announcement to the Danish Financial Supervisory Authority No. 19-2012, 23 March 2012

Mr Carsten R. Lund will be appointed new Group Executive Vice President of FLSmidth & Co. A/S and member of the Group Executive Management in July 2012, when Mr Christian Jepsen resigns to join Alcoa, one of FLSmidth's global mining customers (see Company announcement  no. 16-2012).

Carsten Lund will be heading the new global Bulk Materials Division that was formed as part of the new FLSmidth Group structure announced on 21 February 2012 (see Company announcement no.  08-2012) and will be relocating from the head offices in Denmark to the global technology centre for material handling in Wadgassen, Germany.

Carsten Lund, age 49, is a Danish citizen, Executive MBA and Mechanical Engineer (BSc.), who has been employed by the FLSmidth Group for 24 years in varying managerial positions. Most recently, Carsten Lund has headed the implementation of a major business system program for the entire FLSmidth group as Program Director. Prior to that, he was CEO of FLSmidth Airtech from 2007-2011 and responsible for growing and developing FLSmidth's Air Pollution Control (APC) business to become a major global player.

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Please address any questions regarding this announcement to Mr Vagn Sørensen, Chairman of the Board of Directors,  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