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Baldwin Organizational Changes.


ROWAYTON, Conn.--(BUSINESS WIRE)--April 4, 1997--Baldwin Technology Co. Inc. (ASE (Adaptive Server Enterprise) A relational DBMS from Sybase that runs on Windows NT/2000, Linux and a variety of Unix platforms. ASE is a comprehensive and robust data management product with a long history dating back to the late 1980s. : BLD BLD Build
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) announces changes to its internal operating organization, effective March 31, 1997.

In a move geared to focus and streamline the management of its businesses on a global basis, Baldwin Technology has realigned its operations into two primary business areas. The first, named the Graphic Products and Controls Group, will be headed by Akira Hara, and will have global responsibility for the company's products in the press accessories and controls area. The second, named the Material Handling Group, will be headed by Roger Johansson Roger Johansson (born April 17, 1967, in Ljungby, Sweden), is a former professional Swedish ice hockey player.

Roger Johansson joined Swedish Elite League club Färjestads BK in 1986, when he left Troja-Ljungby.
, and will have global responsibility for the company's splicer splice  
tr.v. spliced, splic·ing, splic·es
1.
a. To join (two pieces of film, for example) at the ends.

b. To join (ropes, for example) by interweaving strands.

2.
, in-line finishing, inserter and stacker bundler product lines.

Prior to these new management responsibilities, Akira Hara had been responsible for building the company's business in the Asia Pacific geographic sector and Roger Johansson had been responsible for operations in the European geographic sector.

Gerald Nathe, chairman and president, stated: "This change, from our traditional geographic sector orientation to an operational structure which is product/market oriented o·ri·ent  
n.
1. Orient The countries of Asia, especially of eastern Asia.

2.
a. The luster characteristic of a pearl of high quality.

b. A pearl having exceptional luster.

3.
, will permit Baldwin to serve its customers better from a sales/service viewpoint. In addition, it will facilitate technology transfer within the company, help to strengthen our product mix, and allow the company to vigorously pursue new market opportunities."

The company has also created a third product group named the Print-On-Demand Group. This group's business development activity is focusing on material handling and finishing equipment for digital printing engines. It is headed by Martin Petersen, formerly Baldwin Americas Director of Business Development.

The fourth product group, Misomex International, will be headed by Ulf Dubois, formerly deputy managing director of Misomex. As previously announced, Baldwin continues to seek an acquisition partner for this business.

Nathe concluded, "I believe that this structure will enable us to move forward aggressively and better manage Baldwin's businesses in the future." -0-

Baldwin Technology Co. Inc. is the leading international manufacturer of material handling, accessory and control equipment for the printing industry. -0-

http://www.baldwintech.com -0- CAUTIONARY STATEMENT: This release may contain statements which constitute "forward-looking" information as defined in the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and  of 1995 or by the Securities and Exchange Commission. Investors are cautioned that any such forward-looking statements forward-looking statement

A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections.
 are not guarantees of future performance and actual results may differ. See Exhibit 99 to the company's Form 10-K Form 10-K

A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information.


Form 10-K

See 10-K.
 Report for the year ended June 30, 1996.

CONTACT: Baldwin Technology Co. Inc., Rowayton

Helen P. Oster, 203/866-3497
COPYRIGHT 1997 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1997, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Date:Apr 4, 1997
Words:407
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