HEIDELBERG Extends Contracts of Key Executives Ahead of Schedule

The Supervisory Board of Heidelberger Druckmaschinen AG (HEIDELBERG) has announced the early extension of contracts for CEO Jürgen Otto and CSO Dr. David Schmedding. Otto's term will end in July 2029, while Schmedding's extends to June 2031. This move underscores the company's commitment to stability and continuity in its leadership team.

Since their appointments in 2024, Otto and Schmedding have driven HEIDELBERG's strategic evolution from a print media leader to a broader technology company. Key developments have been made in their core print and packaging business, as well as the technology segment.

Chairman Dr. Martin Sonnenschein praised their strategic clarity and achievements in creating financial flexibility and enhancing customer benefits. Both Otto and Schmedding expressed dedication to furthering HEIDELBERG's growth and technology focus.