Heidelberger Druckmaschinen AG

  • WKN: 731400
  • ISIN: DE0007314007
  • Land: Deutschland

Nachricht vom 18.02.2020 | 14:00

Heidelberger Druckmaschinen AG: Heidelberg with New Management Structure - Change in the Management Board

DGAP-News: Heidelberger Druckmaschinen AG / Key word(s): Personnel
18.02.2020 / 14:00
The issuer is solely responsible for the content of this announcement.

- New structure strengthens efficiency and implementation speed

- Executive Committee responsible for operating business

- Ulrich Hermann leaves the company

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.

Consistent focus on customer solutions
The newly established Executive Committee will coordinate key operational functions and the operating business and will be jointly responsible for everything from development to sales. Together with the Management Board, this committee will further develop innovative technologies and digital business models across all markets and customer segments in the interests of customers, in order to increase growth and profitability.

Image material and additional information about the company are available in the Press Lounge of Heidelberger Druckmaschinen AG at www.heidelberg.com.

Heidelberg IR now on Twitter:
Link to the IR Twitter channel: https://twitter.com/Heidelberg_IR
On Twitter under the name: @Heidelberg_IR

Important note:

This press release contains forward-looking statements based on assumptions and estimations by the Management Board of Heidelberger Druckmaschinen Aktiengesellschaft. Even though the Management Board is of the opinion that those assumptions and estimations are realistic, the actual future development and results may deviate substantially from these forward-looking statements due to various factors, such as changes in the macro-economic situation, in the exchange rates, in the interest rates, and in the print media industry. Heidelberger Druckmaschinen Aktiengesellschaft gives no warranty and does not assume liability for any damages in case the future development and the projected results do not correspond with the forward-looking statements contained in this press release.

Contact:

Heidelberger Druckmaschinen AG

Corporate Public Relations
Thomas Fichtl
Phone: +49 (0)6222 82-67123
Fax: +49 (0)6222 82-67129
E-mail: thomas.fichtl@heidelberg.com

Investor Relations
Robin Karpp
Phone: +49 (0)6222 82-67120
Fax: +49 (0)6222 82-99 67120
E-Mail: robin.karpp@heidelberg.com


18.02.2020 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
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