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

October 28, 2019                                                

Change at the Top of the Supervisory Board
		
•	Dr. Siegfried Jaschinski leaves the Supervisory Board at his own 
request after 12 years of service, including four years as Chairman
•	Dr. Martin Sonnenschein Elected New Chairman of the Supervisory Board 
of Heidelberger Druckmaschinen AG

At today's meeting of the Supervisory Board, Dr. Siegfried Jaschinski announced to the Management Board that he would be resigning his mandate as a member of the Supervisory Board and his position as Chairman of the Supervisory Board of Heidelberger Druckmaschinen AG with effect from November 30, 2019 and thus before the end of his term of office.

Rainer Hundsdörfer, CEO of Heidelberg, thanked Dr. Siegfried Jaschinski on behalf of the entire Management Board: "We regret Dr. Siegfried Jaschinski's decision today, but respect his wish to resign for personal reasons. On behalf of all Heidelberg employees and the entire Management Board, I would like to thank him. He has played a key role in shaping the development of our company - especially in the difficult years of the financial crisis and the structural changes in the printing industry - with great dedication and great passion for our company.”

Dr. Martin Sonnenschein, Partner and Managing Director of the management consultancy A.T. Kearney is to become new member and Chairman of the Supervisory Board. The Supervisory Board without dissenting vote elected Dr. Martin Sonnenschein as Chairman of the Supervisory Board with effect from December 1, 2019, at the earliest, however, with effect from the date of his entry into the Supervisory Board, subject to the condition that Dr. Martin Sonnenschein is appointed to the Supervisory Board by court order.
"I am very pleased that we were able to win Mr. Sonnenschein as a candidate for the position of Chairman of the Supervisory Board at my suggestion. With this executive, the Management Board has a very competent and experienced advisor, especially in the further development of the business model, the digitization and the transformation of the company," said Siegfried Jaschinski.

Martin Sonnenschein (55) is partner and managing director of the management consultancy A.T. Kearney. In recent years, Sonnenschein has successfully implemented a variety of major digital transformation programs and industrial growth and innovation projects around the world, focusing on operational improvements and new business models. Before joining A.T. Kearney, the Karlsruhe graduate industrial engineer held management positions at Daimler-Benz InterServices, E-Plus Mobilfunk and ThyssenKrupp.

“I look forward to working with our new Chairman of the Supervisory Board, Martin Sonnenschein. Thanks to his extensive expertise and management experience, he will play a valuable role in shaping Heidelberg's focus on the requirements of the future,” said Hundsdörfer.

The appointment of Dr. Sonnenschein as a member of the Supervisory Board shall be applied for immediately at court.

Image: Dr. Martin Sonnenschein is to become new member and Chairman of the Supervisory Board.

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
Telefon: +49 6222 82- 67123
Telefax: +49 6222 82- 67129
E-Mail: Thomas.Fichtl@heidelberg.com

Investor Relations 
Robin Karpp 
Tel: +49 (0)6222 82-67120 
Fax: +49 (0)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 macroeconomic 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.