Bolza-Schünemann Resigns from KBA; Company Reports Press Sales Decline

WÜRZBURG—03/26/09—Albrecht Bolza-Schünemann (57), president and CEO of German press manufacturer Koenig & Bauer AG (KBA) since 2003, has resigned with immediate effect from all offices within the group. Bolza-Schünemann announced his decision at the March meeting of the company’s supervisory board, citing the substantial losses incurred by the sheetfed division in Radebeul near Dresden last year (financial results reported below). His brother Claus (53) is now the sole remaining representative of the founding family on the KBA board.