Osram supervisory board extends contract of Klaus Patzak
Extension by five years until 2021
Mandate to examine carve-out of the lamps business
At today’s meeting, the supervisory board of OSRAM Licht AG extended the contract of Chief Financial Officer Klaus Patzak (49) by five years until 2021, effective from April 1, 2016. Patzak, who holds a doctoral degree in business administration, has been a member of the Osram managing board since April 2011. Before that, he was Chief Accounting Officer and Controller at Siemens AG. “We are very happy to continue our work with Klaus Patzak. He had an essential part in bringing Osram’s transformation forward during difficult times and will now also accompany the company’s strategic realignment with his expertise,” said Peter Bauer, chairman of the supervisory board of OSRAM Licht AG. Additionally, the supervisory board of OSRAM Licht AG today gave the green light for a mandate to examine the carve-out of the general lighting lamps business.
OSRAM of Munich, Germany is one of the two leading light manufacturers in the world. The company's portfolio covers the entire value chain from components – including lamps, electronic control gear and opto semiconductors such as light-emitting diodes (LED) – as well as luminaires, light management systems and lighting solutions. OSRAM has around 34,000 employees worldwide and generated revenue of more than €5.1 billion in fiscal 2014 (ended September 30). The company's business activities have been focusing on light – and hence on quality of life – for over 100 years. The company was listed on the stock exchanges in Frankfurt and Munich on July 8, 2013 (ISIN: DE000LED4000; WKN: LED 400; Trading symbol: OSR).
Additional information can be found at www.osram-group.com
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