Heidelberg announces new management structure

The Management Board will be reduced to two persons and will in future consist of CEO Rainer Hundsdörfer and CFO Marcus A. Wassenberg. To this end, the level below the Management Board will be significantly strengthened with a newly established Executive Committee that will be responsible for cross-product customer solutions and the operational functions, and together with the Management Board will implement the transformation of the company.

Rainer Hundsdörfer, chairman of the Management Board, said: ‘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.’

As part of the adjustment of the organizational structure Prof. Dr. Ulrich Hermann will leave the company by mutual agreement at the end of the current financial year 2019-20. Supervisory Board chairman Dr. Martin Sonnenschein, said: ‘Over the past three years, Ulrich Hermann has shaped the further development of Heidelberg with innovative impetus and valuable contributions. 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 will be jointly responsible for everything from development to sales. Together with the Management Board, this committee will further develop innovative technologies and digital business models across all markets and customer segments in the interests of customers, in order to increase growth and profitability.