Heidelberger Druckmaschinen AG

Postfach 10 29 40
69019 Heidelberg
Deutschland

Kurfürsten-Anlage 52–60
69115 Heidelberg

Thomas Fichtl

Telefon +49 6222 82- 67123
Telefax +49 6222 82- 67129

Thomas.Fichtl@heidelberg.com
www.heidelberg.com

November 6, 2019                                             

Heidelberg reorganizes Management Board - 
Stephan Plenz leaves the company		

Stephan Plenz (54), Member of the Management Board responsible for technology and the Heidelberg Digital Technology segment, is leaving the company by mutual agreement at the end of his current contract in June 2020. The Supervisory Board and Management Board of Heidelberger Druckmaschinen AG (Heidelberg) have decided to further streamline management structures and reduce the size of the Management Board as part of the company's digital transformation. In future, the technology department will be headed by Rainer Hundsdörfer, Chairman of the Management Board, while Purchasing will move to the Finance department of CFO Marcus Wassenberg. Sales and digitization will be concentrated at Chief Digital Officer Prof. Dr. Ulrich Hermann. The handover will begin immediately.

The mechanical engineer Plenz has been with Heidelberg for over 30 years. He has been a member of the Management Board since 2008 and, in addition to the Sheetfed, Digital, Label and Postpress business units, is also responsible for Research & Development, Purchasing and Production. The Supervisory Board would like to thank Stephan Plenz for his extremely successful commitment to Heidelberg to date: "Stephan Plenz has played a key role in shaping Heidelberg's course over a long period of time. We would particularly like to thank him for setting up a modern production structure with a very successful site in China and for shaping an innovative and successful product portfolio that will enable Heidelberg to move into the digitized future. I would like to emphasize his special commitment in times of great change in our industry," said Supervisory Board Chairman Dr. Siegfried Jaschinski.

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 

Further information: 
Corporate Communications 
Thomas Fichtl
Phone: +49 6222 82-67123
Fax: +49 6222 82-67129
E-mail: Thomas.Fichtl@heidelberg.com

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

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.