Dr. Axel Kaufmann appointed deputy president

After successful realignment of Koenig & Bauer AG (KBA), president and CEO Helge Hansen approached the supervisory board to suggest that his forthcoming retirement at the age of 65 years be brought forward to allow the company reins to be handed to a successor on 31.10.2011. With great respect and equal understanding, the supervisory board has accepted this offer and proposal. Supervisory board chairman Dieter Rampl: "Despite the very difficult circumstances, Helge Hansen has, with great expertise and his many years of experience, furthered the sound development of both earnings and finances at Koenig & Bauer AG, and has helped to position the company group for a successful future. We are expressly grateful to Helge Hansen for the fruitful cooperation, his great personal commitment and his excellent work for the good of the company. We wish him all the best for the future."

The supervisory board has by unanimous decision appointed Claus Bolza-Schünemann (55) to follow Helge Hansen as company president. Claus Bolza-Schünemann has to date served as deputy president with executive responsibility for engineering and web press manufacturing. Dieter Rampl: "As an acknowledged press engineering expert, one of the branch's strategic visionaries and a representative of the founding family, Claus Bolza-Schünemann has all the qualifications necessary to take the helm and to uphold our continued development as the second-largest press manufacturer in the world. The supervisory board wishes him every success for the tasks to come."

Parallel to the change at the top, the supervisory board has furthermore announced that CFO Dr. Axel Kaufmann (41) is to take on the duties of deputy president alongside his financial remit.

Christoph Müller's (50) contract has been extended.