The Supervisory Board of Heidelberg has extended the contracts of Jürgen Otto, Chairman of the Executive Board (CEO), and Dr. David Schmedding, Executive Board Member for Sales and Technology (CSO), ahead of schedule.
Jürgen Otto and Dr. David Schmedding
The new office terms will begin on July 1, 2026. Otto’s contract has been extended until July 31, 2029, and is limited by the age limit. Dr. David Schmedding’s contract runs until June 30, 2031. With this decision, the Supervisory Board is sending a clear signal of continuity and stability at the top of the company.
Since the appointment of the current Executive Board on July 1, 2024, the management team has consistently driven forward the strategic development of Heidelberg. Under the leadership of Jürgen Otto and Dr. David Schmedding, Heidelberg has purposefully evolved from a leading company in the print media industry into a more broadly positioned technology company. In the process, significant strategic course corrections were made, and options were developed in both the core print and packaging business and the technology segment.
“The Supervisory Board is convinced of the strategic clarity, effectiveness, and passionate commitment of Jürgen Otto and Dr. David Schmedding.” said Dr. Martin Sonnenschein, Chairman of the Supervisory Board. “Since their appointment, the Executive Board has created financial leeway for Heidelberg, implemented strategic decisions, and increased the benefits for customers. The early contract extension is an expression of our confidence and a clear commitment to continuity and stability for employees and customers worldwide.”
