Marcus Wassenberg, CFO and labour director of Heidelberg, is expected to leave the company in April 2023 to join the board of another industrial company.

In the period until his actual departure, Mr Wassenberg will work with the supervisory board and the CEO to ensure an orderly transition of his duties and responsibilities into new hands.

Dr Martin Sonnenschein, chairman of the supervisory board of Heidelberg, said, ‘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.’

Chairman of the management board, Dr Ludwin Monz, added, 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.

Mr Wassenerg said, ‘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.’