Osram appoints Ingo Bank as new Chief Financial Officer

2016/07/18

Osram’s managing board is complete again. At an extraordinary meeting on Monday, the supervisory board of the lighting company appointed Ingo Bank as new Chief Financial Officer of OSRAM Licht AG. Ingo Bank, 48, joins Osram from Parexel, a U.S. biopharmaceutical service provider where he served as Chief Financial Officer. He will take up his post at Osram on September 1, 2016. "In Ingo Bank, we have found a financial expert with a proven track record and a strong international background. At the same time, he has extensive knowledge of technology markets, including the lighting industry," said Peter Bauer, chairman of the supervisory board of OSRAM Licht AG. Ingo Bank's term will run for three years.

Ingo Bank succeeds Klaus Patzak, who left the company on June 30. An economics graduate, Ingo Bank has previously worked in various technological markets and joined Parexel, a listed company that provides biopharmaceutical services, in 2013. Before this move, he spent 18 years at Philips, where he held various roles, including head of finance in a business unit of Philips Lighting and CFO of the healthcare division. Ingo Bank was born in Germany and, over the course of his career, has lived in Europe, Asia, and the United States.

ABOUT OSRAM
OSRAM, based in Munich, is a globally leading lighting manufacturer with a history dating back more than 100 years. The portfolio ranges from high-tech applications based on semiconductor technology, such as infrared or laser lighting, to smart and connected lighting solutions in buildings and cities. OSRAM had around 33,000 employees worldwide at the end of fiscal 2015 (September 30) and generated revenue of almost €5.6 billion in that fiscal year. The company is listed on the stock exchanges in Frankfurt and Munich (ISIN: DE000LED4000; WKN: LED400; trading symbol: OSR). Additional information can be found at www.osram.com.

Disclaimer
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