KBA executive board changes to drive forward medium-term group targets

Sammeck leads the company’s Sheetfed division and Müller its Digital & Web division. Both group management members will represent their segments on the executive board.

Aiming at expanding new equipment sales, Sammeck has additionally taken over the coordination of global equipment sales, and in order to push global service, Müller has taken responsibility for coordinating services initiatives. A planned increase in the revenue share generated by services to 30 percent by 2021 is set to achieve greater profit stability, KBA stated.

The appointment of Sammeck and Müller to the executive board aims to support the implementation of medium-term group targets, as announced on February 20. By 2021, the target is to reach an annual organic growth rate of around four percent and an EBIT margin of between four and nine percent across the group. Of the targeted 70 million EUR increase in earnings, approximately 20 million EUR in either case is to be generated through service growth and the optimization of the security printing business.

In order to swiftly optimize the security printing business, the KBA supervisory board has delegated Dr Andreas Pleßke, a member of the supervisory board, to the executive board for a period of one year from June 1, 2017. Pleßke will lead the Special segment and in particular the announced performance optimization of the securities printing business on an interim basis.