Heidelberg – Jürgen Otto succeeds Ludwin Monz as CEO

David Schmedding new member of management board

Ludwin Monz will resign from his position as chairman of the Management Board at his own request at the end of 30 June 2024, in agreement with the Supervisory Board, and will step down from the Management Board of Heidelberger Druckmaschinen AG

Jürgen Otto (59) will become the new CEO of Heidelberger Druckmaschinen AG (Heidelberg) on 1 July 2024. He succeeds Ludwin Monz, who will resign from his position as chairman of the Management Board and step down on 30 June 2024. Monz has resigned at his own request and in agreement with the Supervisory Board, which passed a resolution to this effect on 19 April 2024.

The chairman of the Supervisory Board, Martin Sonnenschein, says, “We very much regret Dr Ludwin Monz’s decision to leave Heidelberg. He has decisively advanced our company strategically and operationally and thus strengthened our foundation in a difficult market environment. With Jürgen Otto, we are gaining a proven leader. With his experience and network, we will continue to consistently prepare Heidelberg for the future, increase profitability and further strengthen our significant technological expertise in the printing and packaging industry and beyond.”

Ludwin Monz says, “I really enjoyed working at Heidelberg. I would like to thank the Supervisory Board, the management team and all employees of the company for their good cooperation.”

Jürgen Otto will become the new CEO of Heidelberger Druckmaschinen AG on 1 July 1, 2024
Jürgen Otto will become the new CEO of Heidelberger Druckmaschinen AG on 1 July 2024

Jürgen Otto brings decades of experience in the sustainable orientation of large industrial companies, complemented by experience in the field of turnaround management in the recent years. Looking ahead to his upcoming role, Jürgen Otto says, “Heidelberg is an icon of German industry with product quality and service expertise that is appreciated worldwide. I am looking forward to becoming part of Heidelberg and working together with the management team around Tania von der Goltz and David Schmedding as well as all employees on a successful future for the company.”

At its meeting on 19 April 2024, the Supervisory Board of Heidelberger Druckmaschinen AG also expanded its Management Board. David Schmedding (47), previously head of sales, will join the Management Board as a new member. As of 1 July 2024, the Management Board will consist of Jürgen Otto as chief executive officer, Tania von der Goltz as chief financial officer and David Schmedding as chief sales and service officer.

Commenting on the appointment of David Schmedding, Martin Sonnenschein said, “Due to his previous management positions in the company, David Schmedding is an accomplished Heidelberg resident. With his appointment to the Management Board, we will place an even stronger focus on convincing our customers with innovative, high-quality products and services and advancing their performance in the future.”

David Schmedding adds, “I would like to thank everyone for the trust they have placed in me and look forward to the task of helping to shape Heidelberg as a member of the Management Board on its way forward and to further develop it in the interests of our customers.”

In 2024, we are looking at full recovery and growth-led investment in Indian printing

Indian Printer and Publisher founded in 1979 is the oldest B2B trade publication in the multi-platform and multi-channel IPPGroup. It created the category of privately owned B2B print magazines in the country. And by its diversification in packaging, (Packaging South Asia), food processing and packaging (IndiFoodBev) and health and medical supply chain and packaging (HealthTekPak), and its community activities in training, research, and conferences (Ipp Services, Training and Research) the organization continues to create platforms that demonstrate the need for quality information, data, technology insights and events.

India is a large and tough terrain and while its book publishing and commercial printing industry have recovered and are increasingly embracing digital print, the Indian newspaper industry continues to recover its credibility and circulation. The signage industry is also recovering and new technologies and audiences such as digital 3D additive printing, digital textiles, and industrial printing are coming onto our pages. Diversification is a fact of life for our readers and like them, we will also have to adapt with agility to keep up with their business and technical information needs.

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– Naresh Khanna

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