Herlitz CEO Thomas Huebner will leave the company on 31 May after taking over the role in July 2011. He originally planned to remain in the post until September 2013.
In March Herlitz reported that sales revenues declined 2.1% in 2011 to EUR 228.9 million.The most significant reduction in sales was recorded in the Private Label segment and affected products from the company's folder, paper and mailing items lines as sold by discounters and retail market.
At that time Herlitz said that in view of the results from the last financial year, it will shortly implement structural changes and launch extensive marketing and sales activities within the group. Its strategic cooperation with Pelikan will play a key role in these developments.