ChanGe | ChanCe

We are improving: reorganisation & governance in the Group

Focusing on markets and customers by reducing the number of segments from three to two

With the new segment structure, we are continuing on our path from a unitary to a divisional group. Instead of three segments, there will be two in future, which will be even more focused on the needs of our markets and customers.

Paper & Packaging Sheetfed Systems (P&P)will continue all the previous activities of the sheetfed division. In view of the strong technological and customer overlap between folding carton and corrugated board manufacturers, the bundled corrugated activities for the Chroma series from Koenig & Bauer Celmacch, which were previously allocated to the Digital & Webfed segment, will also be transferred to this segment. The Koenig & Bauer Durst joint venture will also remain part of this segment. The focus will be on complete solutions for the growth markets of folding carton and corrugated box production – from prepress and printing with an end-to-end digital workflow to finishing. Koenig & Bauer is the only full-service provider with a comprehensive portfolio for packaging production, especially in the growing market for postpress solutions such as die-cutting and folding carton gluing. Commercial printing also remains an important part of the segment.

Special & New Technologies (S&T) comprises the former activities of the Special segment, including special machines for banknote and security printing, systems for industrial coding and special systems for direct printing on metal and glass/hollow containers. The segment will be complemented by the remaining activities of the Digital & Webfed segment, including special applications in packaging printing, such as digital web and flexo printing, and newspaper printing. It also includes the development cooperation with Volkswagen subsidiary PowerCo SE in the field of dry coating for battery cell production. Inspection systems and product protection from the security sector will be transferred to the independent Vision & Protection business unit. The Digital Unit, which was previously organised as a cross-divisional function within the holding company, will be managed as an independent division of the S&T segment under the name „Kyana“. It will focus on the Kyana portal and digital products. This new structure allows the specific requirements of the various markets to be addressed in a targeted manner. The business units of the S&T segment will each have an independent management team that can react quickly and competently to market changes with a high degree of entrepreneurial autonomy.

Change in the governance structure as part of the generational transition: prospective streamlining of the Executive Board to CEO and CFO

he restructuring of the Group has resulted in changes to central responsibilities for operations as well as to cross-sectional functions. As some of these will be re-assigned to the two segments to a greater extent, there is no longer any need for a central Group COO. Initiated by Michael Ulverich, the development of a standardised press platform and modular system will continue to be pursued in the segments.

In June 2024, the Digital & Webfed management team was re-positioned. Thus, Philipp Zimmermann took over overall management responsibility for Digital & Webfed AG & Co. KG from Christoph Müller, the Executive Board member in charge of Digital & Webfed, who subsequently devoted his attention to expanding digital printing technologies and partnerships to a greater extent. As part of the Group’s strategic realignment and the planned transition to a new generation, Christoph Müller resigned from his position on the

Executive Board with effect from 31 March 2025. He will continue to assist Koenig & Bauer as an executive advisor. From that date, Christian Steinmaßl will be responsible for Digital & Webfed within the new Special & New Technologies segment in addition to his previous responsibilities. Effective 30 June 2025, Ralf Sammeck, CEO of Koenig & Bauer Sheetfed, a member of the Executive Board at Koenig & Bauer AG, will be retiring after 25 years with the Group.

The new structure agreed upon jointly by the Supervisory Board and the Executive Board will ensure that decisions are aligned more closely to the business model. The reduction in complexity increases the speed of decision-making while optimising costs at the same time. This process is embedded in a gradual generational transition in 2024 and 2025 – from long-standing members of the Executive Board to personalities who constitute an excellent fit for the company’s strategic priorities. In the future, the Executive Board will be streamlined to one CEO and one CFO.