Osram to Replace CFO After Board Clashes Over Company Strategy

Osram to Replace CFO After Board Clashes Over Company Strategy

The supervisory board of Osram Licht AG has decided upon key changes in the composition of the managing board. In line with the company’s stronger technology focus, the supervisory board appointed Stefan Kampmann, 52, as Chief Technology Officer (CTO) with effect from July 1, 2016. “We are happy to gain an experienced top manager and technology expert for Osram’s managing board,” said Peter Bauer, chairman of the supervisory board of Osram Licht AG. “His experience will give additional momentum to our innovation and growth initiative.”

The supervisory board has also decided, for reasons of differing views regarding the strategic direction of the company and in best mutual agreement with Klaus Patzak, to launch a structured process to find a successor for the position of Chief Financial Officer. Until the supervisory board has decided on a successor and a mutual agreement has been reached on the termination of his contract, Klaus Patzak will continue to serve as Chief Financial Officer.

With the innovation and growth initiative that was presented in November last year, Osram is further increasing its focus on technology leadership and sustainable growth. In order to continue harnessing the potential offered by semiconductor-based lighting technologies, the lighting company will be based on three strategic pillars going forward: Specialty Lighting (SP); Luminaires, Solutions and Electronic Components (Lighting Solutions & Systems, LSS); LED components (Opto Semiconductors, OS). The scope and complexity of the resulting projects are substantial.

In strengthening the managing board with the appointment of Stefan Kampmann, the supervisory board, acting in close consultation with CEO Olaf Berlien, is taking account of this strategy. Stefan Kampmann, who holds a doctorate in engineering, brings in proven experience regarding the management of large-scale R&D units as well as in shaping innovation processes on a company-wide level. In his future role as Chief Technology Officer, Stefan Kampmann will be in charge of research and development as well as technology and innovation. He will also be responsible for cross-divisional functions such as quality management.

Stefan Kampmann previously held positions at Bosch for more than 20 years. At Bosch, he was initially engaged in research in the automotive business before assuming segmental responsibility for power electronics, sensor technology and semiconductor devices. Most recently, he was a member of the Divisional Board of the Gasoline Systems division.


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