New Management Board at Louisenthal

Since 1996, Kraxenberger has worked in the Banknote Processing division of Giesecke & Devrient, Louisenthal’s parent company, where he has been Head of Product Management and Support since 2006. For the past two years, he has also been responsible for the division’s security features business. He holds a doctorate in physics.

“Alfred Kraxenberger is very familiar with the banknote business. He knows exactly what requirements central banks have when it comes to banknote security and efficient processing,” says Dr. Wolfram Seidemann, Chairman of the Louisenthal Management Board. “Due to his experience of security features in particular, he is already well acquainted with Louisenthal.”

To coincide with Dr. Kraxenberger’s appointment, the existing management board roles have been redefined. This establishes a clear link to key elements of the business model, as well as to Louisenthal’s strategic direction. The aim is to extend the company’s success with innovative products and technologies worldwide. At the same time, Louisenthal remains committed to meeting the market’s requirement for high quality, production flexibility, and a strong customer focus.

The recruitment of Dr. Kraxenberger to this position consolidated Louisenthal’s management credentials. Dr. Wolfram Seidemann remains Chairman of the Louisenthal Management Board with responsibility for marketing, sales, business development, and strategy. As Managing Director for Operations (production, the supply chain, and support), Guido Koller complements Louisenthal’s top tier of management.

Louisenthal has production facilities in two locations – at Louisenthal in Bavaria and Königstein in Saxony. It supplies paper for banknotes and securities, as well as high-security foils, to more than 100 countries worldwide.