UPFRONT

KBA’s CEO Resigns From Post

WURZBURG, GERMANY—Albrecht Bolza-Schünemann, president and CEO of press manufacturer KBA (Koenig & Bauer AG), resigned from the company during its supervisory board annual audit meeting. Helge Hansen has stepped into the role of president. KBA expects to eliminate about 800 employee positions in the sheetfed division by the end of 2009.