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HEIDELBERGER DRUCKMASCHINEN AG (FRA:HDD) Heidelberger Druckmaschinen AG: Dr. Siegfried Jaschinski resigns as Chairman of the Supervisory Board and member of the Supervisory Board effective November 30, 2019

Directive transparence : information réglementée

28/10/2019 15:51

DGAP-Ad-hoc: Heidelberger Druckmaschinen AG / Key word(s): Personnel
Heidelberger Druckmaschinen AG: Dr. Siegfried Jaschinski resigns as Chairman of the Supervisory Board and member of the Supervisory Board effective November 30, 2019

28-Oct-2019 / 15:51 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.


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.

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.

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

Contact:
Heidelberger Druckmaschinen AG

Corporate Public Relations
Thomas Fichtl
Phone: +49 (0)6222 82-67123
Fax: +49 (0)6222 82-67129
E-mail: thomas.fichtl@heidelberg.com

Investor Relations
Robin Karpp
Phone: +49 (0)6222 82-67120
Fax: +49 (0)6222 82-99 67120
E-Mail: robin.karpp@heidelberg.com

Information and Explanation of the Issuer to this News:

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.

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.
 


28-Oct-2019 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
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Language: English
Company: Heidelberger Druckmaschinen AG
Kurfürsten-Anlage 52-60
69115 Heidelberg
Germany
Phone: +49 (0)6222 82-67121
Fax: +49 (0)6222 82-67129
E-mail: investorrelations@heidelberg.com
Internet: www.heidelberg.com
ISIN: DE0007314007
WKN: 731400
Indices: SDAX
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange
EQS News ID: 898487

 
End of Announcement DGAP News Service

898487  28-Oct-2019 CET/CEST

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