Back from hols and attempting to catch up on all the happenings in my absence. One of the most notable, of course, being news that Heidelberg's long-serving chief Bernhard Schreier is standing down, and the new man in charge has come from outside the ranks of the press giant. It's bye-bye Bernhard-with-an-h and hello Gerold-with-an-o. It's an intriguing appointment. That Heidelberg's supervisory board have chosen to replace 58-year-old Schreier with 56-year-old Dr Gerold Linzbach gives some indication, along with Linzbach's CV, that this appointment will be about someone with a specific agenda and a relatively short timeframe in which to execute it. In careers of similar lengths, Schreier has spent the best part of 40 years at one company, whereas Linzbach has worked at at least nine. There's some understandable concern from inside Heidelberg's ranks at what this outsider will do to make his mark on his business. Hopefully it won't turn out to be an "Apotheker moment" for the manufacturer. Equally, there are those who think it was the right time for Schreier to go. And Linzbach may be joining from outside the industry, but that's not to say he doesn't know anything about print. His career includes a spell on the board of Duni, familiar to print anoraks such as myself as the maker of printed serviettes, tissues, placemat and similar products. He was also involved with Celanese Acetate which produces the Clarifoil film familiar to those in the field of carton window patching and print lamination. Linzbach's background suggests that he's something of restructuring expert and Heidelberg's shareholders will no doubt he can restructure the group's share price to something north of its current €1. Whatever, there's a bunch of people sitting up even straighter than usual at Heidelberg Towers and beyond.
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""longer run litho work had “now returned to the Far East”?
Is this happening a lot?"
"Thanks Jo, look forward to reading it in due course. Administrators generally argue that they need to act with lightning speed in order to protect the business/jobs, thereby overlooking the fact that..."
"Hello Keith,
The details will be in the administrators' report but that's not available yet. I will write a follow-up piece when that's filed.
Best regards,
Jo"
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