He was appointed a member of the supervisory board at the end of November by the Mannheim Register Court and will take over as chairman of the supervisory board on Dec. 1, 2019.
"The election as chairman of the supervisory board is an honor but rather a responsibility towards shareholders, customers and employees. I wrote my thesis here 30 years ago," said Sonnenschein, 55. "Today, Heidelberg is the global market and technology leader as a systems supplier to the printing industry. Now is the time to seize the opportunities offered by digitization, technological change and new customer requirements. The current economic situation is making it more difficult. The demands on expanding expertise, speed of change and innovation are high. Profitability must increase in order to have scope for the transformation that has begun and for new markets. With the Heidelberg spirit of the entire team, we will successfully shape these massive changes."
"Dr. Martin Sonnenschein has many years of comprehensive industrial expertise in the areas of strategy and transformation that are important to Heidelberg. He has successfully implemented growth projects around the world that have focused not only on important strategic decisions but also on digitization and increasing profitability. Thanks to his management experience, he will play a valuable role in being a sparring partner for us," said Rainer Hundsdörfer, CEO of Heidelberg.
Sonnenschein is partner and managing director of the management consultancy A.T. Kearney.
The supervisory board of Heidelberg elected Dr. Sonnenschein as chairman of the supervisory board on Oct. 28, 2019, subject to court appointment, after Dr. Siegfried Jaschinski had decided to leave the Supervisory Board for personal reasons effective Nov. 30, 2019.
Dr. Sonnenschein was appointed until the end of the next Annual General Meeting on July 23, 2020. There he will be proposed to the shareholders for election to the Supervisory Board.