Heidelberger Druckmaschinen AG
Heidelberger Druckmaschinen AG: Management Board Chairman Dr. Gerold Linzbach will not renew his contract which runs until August 2017
Heidelberger Druckmaschinen AG / Key word(s): Change of Personnel 22.07.2016 10:57 Disclosure of an inside information according to Article 17 MAR, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- The chairman of the Management Board of Heidelberger Druckmaschinen AG (Heidelberg), Dr. Gerold Linzbach (60), informed the Supervisory Board today that, following the successful turnaround, he would not be seeking the extension of his contract and aims at pursuing new professional challenges. Ensuring an orderly handover of functions, he will continue to serve the company until the scheduled end of his contractual term in August 2017 and, after Heidelberg's successful restructuring, remains fully committed to promoting the Group's strategic advancement together with his team. This allows the Supervisory Board sufficient time to find a suitable replacement. The Supervisory Board of Heidelberger Druckmaschinen AG respects Dr. Linzbach's decision which it has accepted with great regret. At the same time, it has expressed its appreciation for Dr. Linzbach's intensive work and strong dedication in particular in connection with the successful repositioning. Dr. Linzbach has been strongly committed to the company and has lead Heidelberg into a new direction which is geared towards sustainable profitability and establishes the base for further growth, in particular in the segments Digital, Services and Packaging. Following the successful repositioning, Dr. Linzbach will dedicate his time to other entrepreneurial targets and start a new career phase of his life. 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 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 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. 22.07.2016 The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de --------------------------------------------------------------------------- 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; Terminbörse EUREX End of Announcement DGAP News-Service ---------------------------------------------------------------------------
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