Heidelberg CFO Marcus A Wassenberg moves to a new role

Will leave the company latest on 1 April 2023

Marcus A. Wassenberg

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, 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 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, 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,” says Marcus A Wassenberg.

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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