CFO Ingo Bank does not plan to extend his contract beyond April 2023 for personal reasons

Premstaetten, Austria and Munich, Germany (7 October 2022) – Ingo Bank, Chief Financial Officer of ams OSRAM (SIX: AMS), has informed the Supervisory Board that for personal reasons he does not plan to extend his contract as member of the Management Board beyond April 2023.

Supervisory Board and Management Board take note of this decision with great regret. The Supervisory Board will swiftly commence the necessary steps to prepare a succession for the position in the Management Board as of May 2023.

Ingo Bank joined former ams AG as CFO of OSRAM Licht AG (OSRAM) on 1 May 2020. Since then he has offered key contributions to the successful integration of ams and OSRAM as well as the realignment of both companies’ combined portfolio. Furthermore, the successful refinancing of the group provided an important foundation for continuing profitable growth.

„As CFO, Ingo Bank navigated our company through a demanding environment in the last years. His contribution to bringing the cultures of ams and OSRAM together will remain a lasting value. I would like to thank Ingo Bank for his strong commitment to the company. At the same time, I respect his decision and have deep appreciation for his personal life planning“, commented Dr Margarete Haase, Chairwoman of the Supervisory Board of ams OSRAM.