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Albrecht Bolza-Schunemann to Succeed Reinhart Siewert as President of KBA

Press release from the issuing company

Claus Bolza-Schunemann to become Deputy President Wurzburg. At a KBA supervisory board meeting held today at sheetfed customer Appl (aprinta) in Wemding, Germany, key personnel issues ranked high on the agenda alongside group performance – the 3rd quarterly report will be published on November 29 – and prospects for 2003. The board unanimously appointed Albrecht Bolza-Schunemann (50) to succeed president and CFO Reinhart Siewert (64) when he retires on 26 June 2003 following the AGM. This will reduce the executive board from seven members to six. Albrecht Bolza-Schunemann, the current deputy chairman and executive vice president for sheetfed offset product development and human resources, has headed up KBA’s sheetfed plant in Radebeul near Dresden since 1991, turning it round to achieve double-digit growth rates for the past eight years. His new position will add company and group finances and controlling, and company personnel issues, to his existing functions. Also with effect from June 2003 the supervisory board unanimously appointed Claus Bolza-Schunemann (46) deputy president. His present remit as executive vice president for web press engineering and project management will be expanded to include two of Reinhart Siewert’s functions, security press sales and human resources management at KBA’s web press facilities. There will be no changes among the other four executive vice presidents: Dr. Frank Junker (sheetfed offset production technology and service, Radebeul), Peter Marr (web press production and materials management, Wurzburg), Andreas Mössner (sheetfed offset sales and marketing, Radebeul) and Walter Schumacher (web press sales, marketing and service, Wurzburg). Following his retirement as president of KBA at the AGM on June 2003 Reinhart Siewert will be proposed for appointment to the supervisory board as a shareholders’ representative.