Change at the top management of Heidelberger Druckmaschinen AG

Dr Ludwin Monz as the new chief executive officer to succeed Rainer Hundsdörfer

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Heidelberg
The Supervisory Board appointed Dr. Ludwin Monz to succeed Rainer Hundsdörfer as Heidelberg's new CEO effective April 1, 2022. Source ZEISS

The Supervisory Board of Heidelberger Druckmaschinen AG (Heidelberg) today appointed Dr Ludwin Monz as the new chief executive officer to succeed Rainer Hundsdörfer. Ludwin Monz will take over from Rainer Hundsdörfer at the start of the new financial year on 1 April 2022.

heidelberg
Rainer Hundsdörfer, chief executive officer of Heidelberg.

“The Supervisory Board of Heidelberg would like to thank Rainer Hundsdörfer for his extraordinary commitment as chief executive officer of the company. He has succeeded in steering the company successfully through the Covid-19 crisis, while at the same time setting the course for the company’s further strategic development and establishing new business such as e-mobility,” said Dr Martin Sonnenschein, chairman of the Supervisory Board.

For his part, Rainer Hundsdörfer acknowledges the trusting cooperation with the Supervisory Board as well as within the company, “These have been very challenging years here at Heidelberg. We successfully defied the pandemic and strategically realigned Heidelberg through our successful transformation. I am proud to be part of the Heidelberg family. I wish my successor Ludwin Monz a good start to the new financial year and continued success.”

Dr Ludwin Monz is chairman of the management board of MDAX-listed Carl Zeiss Meditec AG until the end of 31 December 2021. “With the appointment of Ludwin Monz, Heidelberger Druckmaschinen AG is gaining a suitable face to drive forward its strategic realignment,” emphasizes Dr Martin Sonnenschein. “He is a proven expert in high technology and innovation with capital market experience.”

Heidelberg’s new chief executive officer experience cycle

Dr Monz has been a member of the management board of Carl Zeiss Meditec AG since 2007 and has been chairman of the management board since 2010. He was also appointed to the group management board of Carl Zeiss AG with effect from January 1, 2014. After studying and obtaining a doctorate in physics at the University of Mainz, Dr Monz went on to the National Institute of Standards and Technology in Gaithersburg, USA, and the Gesellschaft für Schwerionenforschung GSI, in Darmstadt, where he worked as a scientist. He is also an MBA graduate of Henley Management College in the UK. In 1994, he joined ZEISS as a scientist. Two years later, he became head of Geodetic Systems Development, then overall head of the business unit. In 2000, he then moved to the Medical Technology division of ZEISS.

Looking ahead to his new role, Dr Ludwin Monz comments, “For me, Heidelberger Druckmaschinen AG is a flagship of German mechanical engineering. I see enormous potential for the future in the broad expertise of its employees, its widely branched global organization, and its long-established brand.”

In addition, it is planned to extend the management board contract with chief financial officer Marcus A. Wassenberg until 2027 as scheduled. With this decision, Heidelberg is relying on continuity with regard to the financial stability achieved and the strategic realignment initiated by the successful transformation. “Under the direct leadership of Marcus A. Wassenberg, Heidelberg’s transformation program has been successfully implemented. Measures introduced are showing measurable success. We look forward to a successful future together,” said Dr Martin Sonnenschein.

2023 promises an interesting ride for print in India

Indian Printer and Publisher founded in 1979 is the oldest B2B trade publication in the multi-platform and multi-channel IPPGroup. While the print and packaging industries have been resilient in the past 33 months since the pandemic lockdown of 25 March 2020, the commercial printing and newspaper industries have yet to recover their pre-Covid trajectory.

The fragmented commercial printing industry faces substantial challenges as does the newspaper industry. While digital short-run printing and the signage industry seem to be recovering a bit faster, ultimately their growth will also be moderated by the progress of the overall economy. On the other hand book printing exports are doing well but they too face several supply-chain and logistics challenges.

The price of publication papers including newsprint has been high in the past year while availability is diminished by several mills shutting down their publication paper and newsprint machines in the past four years. Indian paper mills are also exporting many types of paper and have raised prices for Indian printers. To some extent, this has helped in the recovery of the digital printing industry with its on-demand short-run and low-wastage paradigm.

Ultimately digital print and other digital channels will help print grow in a country where we are still far behind in our paper and print consumption and where digital is a leapfrog technology that will only increase the demand for print in the foreseeable future. For instance, there is no alternative to a rise in textbook consumption but this segment will only reach normality in the next financial year beginning on 1 April 2023.

Thus while the new normal is a moving target and many commercial printers look to diversification, we believe that our target audiences may shift and change. Like them, we will also have to adapt with agility to keep up with their business and technical information needs.

Our 2023 media kit is ready, and it is the right time to take stock and reconnect with your potential markets and customers. Print is the glue for the growth of liberal education, new industry, and an emerging economy. We seek your participation in what promises to be an interesting ride.

– Naresh Khanna

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