Osram supervisory board extends appointment of Olaf Berlien
At its meeting before the start of today’s Annual General Meeting, the supervisory board of OSRAM Licht AG extended the appointment of Chief Executive Officer Olaf Berlien, 54, by five years. The new term will start on January 1, 2018, and run until December 31, 2022. “Mr. Berlien has driven forward the reorganization of Osram with a lot of energy and persistence – and with great success. The company’s focus on high tech and a clear growth strategy are carrying his mark,” said Peter Bauer, chairman of the Osram supervisory board. In the supervisory board’s view, the company’s transformation has not been completed yet and will now be further pushed forward by the new management team. Accordingly, continuity and a strong leadership are particularly important for the further alignment of the company.
Osram has initiated key strategic measures since Olaf Berlien became CEO. In July 2016, the company’s supervisory board approved the sale of the general lighting lamps business to a Chinese consortium. With this move, Osram is boosting its focus on high tech while also increasing growth and profitability. Following the closing of the sale, Osram will be based on three strategic pillars: LED components (Opto Semiconductors, or OS); Specialty Lighting (SP); luminaires, solutions and electronic components (Lighting Solutions & Systems, or LSS).
Prior to becoming CEO of Osram in January 2015, Olaf Berlien was CEO of M+W Group GmbH. Before that, he served as CEO of the Technologies division at Essen-based ThyssenKrupp AG, overseeing, among others, the elevator and automotive segments as well as the engineering activities. Under Berlien’s leadership, the division became the company’s most successful business unit. From 1996 until 2002, Berlien was a member of the managing board at Carl Zeiss AG. He started his career at IBM Germany and holds a doctorate degree from the Technical University Berlin.
ABOUT OSRAM
OSRAM, based in Munich, is a globally leading lighting manufacturer with a history dating back about 100 years. The product portfolio includes high-tech applications based on semiconductor technology such as infrared or laser lighting. The products are used in highly diverse applications ranging from virtual reality, autonomous driving or mobile phones to smart and connected lighting solutions in buildings and cities. In automotive lighting, the company is the global market and technology leader. Based on continuing operations (excluding Ledvance), OSRAM had around 24,600 employees worldwide at the end of fiscal 2016 (September 30) and generated revenue of almost €3.8 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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