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Haniel’s Kluge Will Not Renew Contract, Frankfurter Reports

Juergen Kluge, chairman of the management board at Franz Haniel & Cie GmbH, will not serve a second term when his contract expires at the end of 2012, Frankfurter Allgemeine Zeitung reported, without saying where it got the information.

Kluge, who announced on Oct. 17 his resignation as chairman of the supervisory board at Metro AG, a subsidiary of Haniel, will remain at the helm until a successor is found, the newspaper said.

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