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Heidelberg to Seek New Chairman

Dr. Gerold Linzbach, Chairman of the Management Board of Heidelberger Druckmaschinen AG, will not be seeking the extension of his contract. He informed the company’s board that he aims to pursuenew professional challenges.

Linzbach, age 60, will continue to serve the company until the scheduled end of his contractual term in August 2017, providing the board time to find a suitable replacement.

Linzbach succeeded Bernhard Schreier as Heidelberg’s CEO at the start of 2013. Schreier had led Heidelberg for 13 years.

The Supervisory Board of Heidelberg noted Linzbach’s intensive work and strong dedication in connection with the restructuring of the German press maker. In particular, his efforts have focused on the company’s growing digital, services and packaging segments.