Heidelberg appoints new CFO as shares hit low

By Jo Francis, Friday 16 August 2019

Be the first to comment

Heidelberg has found a new CFO from outside the industry, with Marcus Wassenberg set to join the press manufacturer from Rolls-Royce next month.

marcus-wassenberg-heidelberg-cfo

Wassenberg: joins at a challenging time for Heidelberg

Wassenberg is currently CFO at Rolls-Royce Power Systems in southern Germany, where he has been in post for more than four years. Prior to that he spent five years at offshore and onshore wind turbine manufacturer Senvion. He has nearly 25 years’ experience in finance and audit.

He will officially take over from long-serving incumbent Dirk Kaliebe at €2.5bn (£2.28bn) turnover Heidelberg on 1 September. There will be a transition period afterwards with Kaliebe, who announced in May that he would be stepping down at the end of September.

Wassenberg is joining the world’s largest press manufacturer at a challenging time for the company. Heidelberg downgraded its profit forecasts for the full year last month, although the group subsequently reported a better start to Q2 trading.

Heidelberg’s share price has been on the slide and fell to a new all-time-low of €0.85 this week.

Dr Siegfried Jaschinski, chairman of the Heidelberg supervisory board said the group was pleased to have secured Wassenberg’s services and he would bring a lot of relevant know-how to the role.

“With his experience in the mechanical and plant engineering industry, he will align Heidelberg's future financial framework with the requirements of digital transformation and further stabilise the balance sheet,” Jaschinski said. 

“In addition, he has successfully implemented change projects to increase efficiency, making him a well-suited new CFO for Heidelberg.”

Wassenberg is likely to relocate as Heidelberg's HQ is around 300km away from the Rolls-Royce Power Systems operation. 

Share this

Related headlines

Heidelberg off to better start in Q2
06 August 2019

Heidelberg has reported “a far better order situation” as it begins the second quarter of its financial...

Masterwork boss takes seat on Heidelberg board
26 July 2019

Masterwork Group chairman Li Li has been appointed to Heidelberg’s supervisory board.

Tough June hits Heidelberg forecasts
18 July 2019

Heidelberg has downgraded its profit expectations for the current financial year after weak trading in...

Heidelberg makes subs option modular
06 June 2019

Heidelberg is now offering a more modular way for customers to use its subscription package and expects...

This Issue

Latest comments