Heidelberg with New Management Structure – Change in the Management Board

The Supervisory Board and Management Board of Heidelberger Druckmaschinen AG (Heidelberg) have decided to reorganize and further streamline the management structure. The Management Board of the global market leader for innovative solutions and products in the printing industry will be reduced to two persons and will in future consist of CEO Rainer Hundsdörfer and CFO Marcus A. Wassenberg. To this end, the level below the Management Board will be significantly strengthened with a newly established Executive Committee. The Executive Committee will be responsible for cross-product customer solutions and the operational functions, and together with the Management Board will implement the transformation of the company. As part of these changes, Prof. Dr. Ulrich Hermann is leaving the company by mutual agreement.

"By merging our Management Board divisions and setting up an Executive Committee, we aim to make our internal processes even more efficient so that we can drive forward the ongoing realignment of Heidelberg with even more vigor," says Rainer Hundsdörfer, Chairman of the Management Board.

As part of the adjustment of the organizational structure Prof. Dr. Hermann will leave the company by mutual agreement at the end of the current financial year 2019/20. The Supervisory Board would like to take this opportunity to thank Prof. Dr. Hermann for his achievements and his successful commitment to Heidelberg as part of the digital transformation: "Over the past three years, Ulrich Hermann has shaped the further development of Heidelberg with innovative impetus and valuable contributions. With his important pioneering work in the realignment of the company, the successful introduction of digital business models in the IoT sector, the subscription business and the establishment of the Heidelberg Digital Unit (HDU), he has laid a decisive foundation for the future direction of the company. Following the strategic concept and entrepreneurial development work, further implementation can now be carried out by the operational management. With the new management structure, we will now use and drive forward the opportunities arising from changed business models, technological change and new customer requirements," said Supervisory Board Chairman Dr. Martin Sonnenschein.