LEDVANCE CEO Hansen to Depart

Following the announcement of the LEDVANCE plant in Augsburg, the company now announces that it has split up with CEO Jes Munk Hansen on 1 December. Now LEDVANCE is looking for an external successor. Jes Munk Hansen, who spoke in Augsburg to the employees of the plant and informed them about the closure of the site, also leaves LEDVANCE. As a reason for the decision, it says from the company side, they have opted for a permanently based in Garching CEO. Jes Munk Hansen, on the other hand, was based in Wilmington, Massachusetts. As the global headquarters in Germany has been confirmed, the management will increasingly work from the headquarters in Garching near Munich.

“On behalf of the Supervisory Board, I would like to sincerely thank Jes Munk Hansen for his leadership during this formative period in our corporate history. As CEO Jes Munk Hansen has driven the development of the new corporate strategy and the reorganization of the company. With Hansen as CEO, the carve-out of the company was completed by the German light conglomerate OSRAM AG, LEDVANCE was established as an independent company and sold to a Chinese consortium. With this new structure and the new business model, LEDVANCE will be able to further expand its position as the world leader in the lighting industry, “said Bernd Minning, Chairman of the Supervisory Board of LEDVANCE, on this step.

“I’m sure that LEDVANCE is on the right track for the future” Commenting on leaving the company, Jes Munk Hansen said: “The last four years have been an extraordinary and exciting phase for LEDVANCE and all those involved in the reorientation of the company. I am very proud of everything we have achieved in a very short time. I’m sure that LEDVANCE is well on the way to the future. ” Transitional solution from our own ranks Until a successor is found, Rüdiger Tibbe, CTO (Chief Transformation Officer), will fill the vacant post temporarily. He will temporarily become chairman of the executive board. The new CEO should be like Tibbe in Garching near Munich.

According to online reports, Jes Munk Hansen has been Chief Executive Officer of OSRAM Lamps of OSRAM Sylvania, Inc. since October 16, 2013. Mr. Hansen is responsible for the OSRAM business in North, Middle and South America. He has been Chief Executive Officer of LEDVANCE GmbH since July 2015. Mr. Hansen previously served as Chief Executive Officer of the classical lamps and ballast business unit of OSRAM from January 2015 to July 2015 and as Chief Executive Officer of OSRAM Americas and President of OSRAM Sylvania, Inc. from October 2013 to January 2015. Prior to his tenure at OSRAM, Mr. Hansen served in several senior management roles with Grundfos from 2000 to October 2013, including as Chief Executive Officer and President of Grundfos North America from 2007 to October 2013. Throughout his career, he has focused on product innovations related to sustainable and energy efficient building materials and process equipment. He has experience in the areas of Mergers & Acquisitions and Post Merger Integration. Following two years in these positions he then became Executive Director of the Classic Lamps & Ballasts (CLB) business division and has been Executive Director of the Lamps business division since May 2015. He has been a Director of Watts Water Technologies, Inc. since February 8, 2017. He is also a member of the committee of the North American National Electrical Manufacturers Association (NEMA) since 2014. Mr. Hansen holds an MBA from London Business School and a Master of Science in Forestry from the University of Copenhagen.