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Heidelberg CEO steps down, successor appointed

Heidelberg announced the appointment of Dr. Ludwin Monz as its new CEO. He will succeed Rainer Hundsdörfer at the start of the new financial year on April 1, 2022.

"The Supervisory Board of Heidelberg would like to thank Rainer Hundsdörfer for his extraordinary commitment as CEO of the company. He has succeeded in steering the Company successfully through the COVID-19 crisis, while at the same time setting the course for the Company's

further strategic development and establishing new business such as e-mobility," said Dr. Martin Sonnenschein, Chairman of the Supervisory Board.

"These have been very challenging years here at Heidelberg. We successfully defied the pandemic and strategically realigned Heidelberg through our successful transformation. I am proud to be part of the Heidelberg family. I wish my successor Ludwin Monz a good start to the new financial year and continued success,” said Hundsdörfer.

Monz is an industry outsider. He is currently chairman of the management board of MDAX-listed Carl Zeiss Meditec AG (Zeiss) until the end of December 31, 2021. Monz has been on the board of Zeiss since 2007, and chairman of the board since 2010.

"With the appointment of Ludwin Monz, Heidelberger Druckmaschinen AG is gaining a suitable face to drive forward its strategic realignment," said Sonnenschein. "He is a proven expert in high technology and innovation with capital market experience."

Monz has a doctorate in physics at the University of Mainz, and an MBA graduate of Henley Management College in the UK. In 1994, he joined Zeiss as a scientist.

"For me, Heidelberger Druckmaschinen AG is a flagship of German mechanical engineering. I see enormous potential for the future in the broad expertise of its employees, its widely branched global organization, and its long-established brand," said Monz.

In addition, the management board is extending its contract CFO Marcus A. Wassenberg until 2027 as scheduled.

With this decision, Heidelberg is relying on continuity with regard to the financial stability achieved and the strategic realignment initiated by the successful transformation.

"Under the direct leadership of Marcus A. Wassenberg, Heidelberg's transformation program has been successfully implemented. Measures introduced are showing measurable success. We look forward to a successful future together," said Sonnenschein.

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