Osram is realigning top management to the future corporate structure
- CEO Olaf Berlien will be leaving the company after the Annual General Meeting end of February 2021
- Chairman of the Supervisory Board Peter Bauer will resign his mandate in mid-December
- Ingo Bank will take over as CEO of the dominated OSRAM Group from March
- Thomas Stockmeier will become Chairman of the Osram Supervisory Board
- All decisions will be implemented by mutual agreement
Since Osram went public, the value of the company has more than doubled to 4.9 billion euros at its most recent valuation. “We would like to thank Olaf Berlien for the entrepreneurial strength with which he has driven change over the past six years and more,” said Peter Bauer, Chairman of the Supervisory Board. “By combining Osram and ams we are creating the world's leading supplier of optical solutions. Olaf Berlien has broken new ground with Osram and has given the company a highly promising future in combination with ams. We thank him for his valuable and focused support in preparing for the upcoming integration process,” said Alexander Everke, CEO of majority shareholder ams.
The new situation is also being reflected in the Supervisory Board: Peter Bauer will resign as chairman and as a member of the Supervisory Board in mid-December 2020. He has used his experience to carefully guide and support OSRAM through turbulent times since the IPO in 2013.
OSRAM, based in Munich, is a leading global high-tech company with a history dating back more than 110 years. Primarily focused on semiconductor-based technologies, our products are used in highly diverse applications ranging from virtual reality to autonomous driving and from smartphones to smart and connected lighting solutions in buildings and cities. OSRAM uses the endless possibilities of light to improve the quality of life for individuals and communities. OSRAM’s innovations enable people all over the world not only to see better, but also to communicate, travel, work and live better. OSRAM had approximately 21,000 employees worldwide as of end of fiscal 2020 (September 30) and generated revenue of around three billion euros from continuing activities. The company is listed on the stock exchanges in Frankfurt and Munich (ISIN: DE000LED4000; WKN: LED 400; trading symbol: OSR). Additional information can be found at www.osram.com.
This document contains statements and information pertaining to our future business and financial performance and future developments that may constitute forward-looking statements – i.e. statements about processes that take place in the future, not in the past. These statements pertaining to the future can be identified by expressions such as "anticipate", "expect", "want", "intend", "plan", "believe", "aspire", "estimate", "will”, "predict" or words of similar meaning. Such statements are based on current expectations and certain assumptions of OSRAM‟s management. They are, therefore, subject to certain risks and uncertainties. A variety of factors, many of which are beyond OSRAM’s control, affect OSRAM’s operations, performance, business strategy and results and could cause the actual results, performance or achievements of OSRAM to be materially different from any future results, performance or achievements that may be expressed or implied by such forward-looking statements or anticipated on the basis of historic trends. These factors include in particular, but are not limited to, the matters described in the chapter “Report on Risks and Opportunities” in the Annual Report of OSRAM Licht Group. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results, performance or achievements of OSRAM may vary materially from those described in the relevant forward-looking statement as being expected, anticipated, intended, planned, believed, sought, estimated or projected. OSRAM neither intends, nor assumes any obligation, to update or revise these forward-looking statements in light of developments which differ from those anticipated. Due to rounding, numbers presented throughout this and other documents may not add up precisely to the totals provided and percentages may not precisely reflect the absolute figures they reference.