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Press release 07.04.2005

Supervisory Board extends Dr. Till Ergenzinger’s Executive Board mandate for five years

The supervisory board of GFKL Financial Services AG has extended the executive board mandate of Dr. Till Ergenzinger (40) by five years until December 31, 2010. Dr. Ergenzinger has been a member of the board since February 2003 and is at the helm of the Group’s financing, financial planning and liquidity management, investor relations as well as corporate governance, controlling, organization, risk management and compliance. During his initial tenure at GFKL, which began in 2002, Dr. Ergenzinger was operatively responsible for the finance sector of the company.

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GFKL Financial Services AG Information:
Founded in 1992, GFKL Financial Services AG is a leasing and financial outsourcing corporation operating a nation-wide network of branches in Germany. The core competencies of the Group encompass financing of investment assets as well as the assessment, acquisition and administration of receivables portfolios. As a holding company, GFKL Financial Services AG provides centralized services for several operational subsidiaries. These corporations offer a spectrum of services that covers the entire value chain in the financing of mobile investment assets:

  • Closing of in-house leasing, rental and finance-purchase agreements
  • Administration of credit and leasing portfolios
  • Refinancing of leasing companies
  • Securitizing and sale of mobile investment assets
  • Business software, services and consulting for a complete range of receivables collections models


Some of the key shareholders of GFKL Financial Services AG are subsidiaries of ABN AMRO Bank, Goldman Sachs Group, Inc. and ERGO Versicherungsgruppe AG as well as the Westdeutsche Landesbank AG. The staff functions of the group of companies are consolidated at GFKL Financial Services AG as the conglomerate´s holding corporation.

GFKL Group employs about 660 staff members who produced Group revenues of EUR 539.5 million in 2004 and after tax Group earnings of EUR 14.1 million. In the past fiscal year, profits on shareholder equity came in at 18.5 percent.

FKL Financial Services AG

Dr. Till Ergenzinger Limbecker Platz 1 D-45127 EssenPhone: +49 (0201) 102-1170 E-Mail: pr@gfkl.com

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