New Managing Director appointed at Manroland, South Africa

Manroland Sheetfed has appointed Molefe Ratlhagane as Managing Director of Manroland's South Africa operation, with effect from January 1, 2018.

Mr. Ratlhagane will oversee the company's extensive operations and business development in the country following former Managing Director, Daniel Constandse's departure to pursue new challenges in his professional career.

Holding a post-graduate honors degree in commerce from the University of Witwatersrand, Molefe Ratlhagane has been with Manroland Southern Africa for seven years.

A valued member of the management team in his role as CFO since 2011, Mr Ratlhagane has a deep understanding of the Manroland business structure, all of which have been vital in the successful restructuring, stabilization and turnaround of Manroland Southern Africa.

Mr. Rafael Penuela, CEO of Manroland Sheetfed GmbH, congratulated Molefe Ratlhagane on his promotion and expressed confidence that he will continue the company's impressive business record in the territory.

"We are totally committed to the printing market in South Africa and with Molefe's strong leadership Manroland Southern Africa will continue to serve its customers with the utmost professionalism and dedication" he said.

Mr. Penuela also thanked Mr. Constandse for his significant contribution to the growth of Manroland Sheetfed's operations in the country.

Molefe Ratlhagane is the new Managing Director of Manroland Southern Africa Pty.

About Manroland Sheetfed

Manroland Sheetfed GmbH is a leading German producer of sheetfed offset litho printing presses. Founded in 1871, the company is one of the oldest producers of printing presses in the world. Today the company has its own subsidaries in over 40 countries and is a global watchword for supreme quality and reliability. Manroland Sheetfed GmbH is a wholly owned subsidary of the privately owned UK engineering group, Langley Holdings plc.