Exhibit 99.1
BALDWIN TECHNOLOGY COMPANY, INC. [BALDWIN LOGO]
2 Trap Falls Road Tel: 203 402 1000
Suite 402 Fax: 203 402 5500
Shelton, CT 06484-0941 www.baldwintech.com
USA
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News from Baldwin
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FOR IMMEDIATE RELEASE
Contact: Helen Oster
203.402.1004
BALDWIN NAMES KARL PUEHRINGER AS CHIEF EXECUTIVE OFFICER
SHELTON, CT, JUNE 13, 2007 - BALDWIN TECHNOLOGY COMPANY, INC. (ASE:BLD)
announced today that the Board of Directors has elected Karl S. Puehringer as
Chief Executive Officer of the Company effective July 1, 2007.
Mr. Puehringer has served as President and Chief Operating Officer of Baldwin
Technology since June 2005; he will continue to hold those responsibilities. He
first joined the Company in 2001 as a Vice President, initially responsible for
Baldwin's manufacturing operations, and then later for its European Operations.
Prior to joining Baldwin, Mr. Puehringer served as a Manager at A.T. Kearney in
Munich, as President and a Director of Voest-Alpine MCE Indonesia, and as
Managing Director of Voest-Alpine ICE Mexico.
In his new capacity as the Chief Executive Officer of Baldwin, Mr. Puehringer
will be responsible for directing and managing Baldwin's business affairs,
including the overall planning, coordination and direction of the Company's
global operations. He will report to the Baldwin Board of Directors. Mr. Gerald
A. Nathe, the current Chief Executive Officer of the Company, will continue to
serve as the Chairman of the Company.
Mr. Nathe commented on the appointment: "In all of his previous positions at
Baldwin, Karl has been successful in achieving positive results for the Company,
even under the most demanding circumstances. His leadership and management
skills have been continuously tested and proven, especially during this past
year when Baldwin concluded and integrated two acquisitions into the Company's
operations. All of these experiences will serve Karl well in his new role as the
President and Chief Executive Officer of Baldwin."
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Baldwin Technology Company, Inc. is a leading international supplier
of accessories and controls for the printing and publishing industries.