Osram implements announced changes to managing board
Two changes to the composition of the managing board of OSRAM Licht AG – already announced in April – will come into effect shortly. Stefan Kampmann, 52, will assume the newly created role of Chief Technology Officer (CTO) of Osram on July 1. Simultaneously, Klaus Patzak, 51, will step down from his position as Chief Financial Officer (CFO). In addition to his regular duties, Chief Executive Officer (CEO) Olaf Berlien, 53, will temporarily also assume responsibility for Finance until a new CFO has been appointed. This appointment will take place shortly.
"We welcome Stefan Kampmann to our team and look forward to the impulses he can provide for crucial research and development activities at Osram. In light of our evolution to a high-tech company, the R&D area is growing steadily in importance," says Peter Bauer, chairman of the supervisory board of OSRAM Licht AG.
On the departure of the CFO, by best mutual agreement, Bauer adds: "Klaus Patzak made great contributions during Osram's transition to becoming an independent company as well as during the subsequent listing on the stock exchange. He also played an important role in boosting productivity at Osram. We thank Klaus Patzak for all his work for the company and wish him the very best for the future."
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
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.