The Supervisory Board and Management Board of Heidelberger Druckmaschinen AG (Heidelberg) have decided to reorganize and further streamline the management structure. The Management Board of the global market leader for innovative solutions and products in the printing industry 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. The Executive Committee 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. As part of these changes, Prof. Dr. Ulrich Hermann is leaving the company by mutual agreement. As part of the adjustment of the organizational structure Prof. Dr. Hermann will leave the company by mutual agreement at the end of the current financial year 2019/20. 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.