HEIDELBERG CFO Marcus A. Wassenberg moves to a new role

• Retirement by mutual agreement until 1 April 2023
• Supervisory Board of Heidelberger Druckmaschinen AG plans rapid replacement
• Successful restructuring and transformation during the last three years
• Orderly transfer of responsibilities into new hands

Marcus A. Wassenberg, CFO and Labour Director of Heidelberger Druckmaschinen AG (HEIDELBERG), is expected to leave the company latest on 1 April 2023 and join the board of another industrial company. The transfer will take place by the best of mutual consent. In the period until his actual departure, Mr Wassenberg will work with the Supervisory Board and the Chief Executive Officer to ensure an orderly transition of his duties and responsibilities into new hands. The Supervisory Board plans to fill the position quickly.

"Over the past three years, Marcus Wassenberg has done effective work both in restructuring the company and in driving forward the transformation. His imminent departure is also an expression of the milestones achieved, the financial successes achieved and the regained future viability of HEIDELBERG. We thank him for his important contributions," says Dr Martin Sonnenschein, Chairman of the Supervisory Board of Heidelberger Druckmaschinen AG.

"In Marcus Wassenberg, we are losing a committed innovator and I am losing a very valued Board colleague. Despite the unexpected challenges of the pandemic and the current uncertain geopolitical situation, he and his colleagues have restored the company’s robust economic performance. We will now continue unwaveringly with the strategic development of our portfolio and business model innovation. This is what our Supervisory Board, the management team and I stand for together," emphasizes the Chairman of the Management Board, Dr Ludwin Monz. "The future of Heidelberger Druckmaschinen AG is spread across many strong shoulders.“

"The task now is to further strengthen the core business and at the same time drive forward the development of new business areas based on the company’s extensive competencies, for example in electromobility, automation and sensor technology. Under the leadership of Ludwin Monz, the company is excellently equipped for this permanent innovation task," underlines Marcus A. Wassenberg.

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 macro-economic 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.