Heidelberg streamlines management board

The management board will be reduced to two people, consisting of CEO Rainer Hundsdörfer and CFO Marcus Wassenberg.

Heidelberg's supervisory board and management board have decided to reorganize and further streamline the management structure. The management board will be reduced to two people, consisting of CEO Rainer Hundsdörfer and CFO Marcus Wassenberg in the future. To this end, the level below the management board will be strengthened with a newly established executive committee. The executive committee will be responsible for cross-product customer solutions and operational functions, and together with the management board will implement the transformation of the company. As part of these changes, 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," said Rainer Hundsdörfer, Chairman of the Management Board. "Over the past three years, Ulrich Hermann has shaped the further development of Heidelberg with innovative impetus and valuable contributions," said Martin Sonnenschein, supervisory board chairman.

"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." The newly established executive committee will coordinate key operational functions and the operating business, and it will be jointly responsible for everything from development to sales. Together with the management board, this committee will further develop new technologies and digital business models across all markets and customer segments in the interests of customers, in order to increase growth and profitability.

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