In today's extraordinary meeting the supervisory board of OSRAM Licht AG has, in agreement with Dr. Peter Laier (45), approved the termination of his appointment as a member of the managing board of OSRAM Licht AG effective 30 June 2014. Dr. Laier will leave the managing board and his other positions within the OSRAM group due to differing views within the managing board regarding the management and direction of the business. The succession process will be initiated immediately. "On behalf of the supervisory board I thank Dr. Laier for his successful and dedicated work in our company. We regret the separation and wish him success for his professional future," said Peter Bauer, chairman of the supervisory board.
Until a successor has been determined, Mr. Wolfgang Dehen (60) as chairman of the managing board and Dr. Klaus Patzak (49) as chief financial officer will assume the tasks of Dr. Laier.
Peter Laier joined the Osram group on 1 January 2013. Since then Laier has been responsible for the General Lighting business unit. He has held the position of chief technology officer of Osram and as such has been responsible for research & development, supply chain management as well as quality and technology.
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 more than 35,000 employees worldwide and generated revenue of almost EUR5.3 billion in fiscal 2013 (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).
This document contains statements related to our future business and financial performance and future events or developments involving OSRAM that may constitute forward-looking statements. Such statements are based on the current expectations and certain assumptions of OSRAM's management, and 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 historical trends.
Dr. Constantin Birnstiel - Osram Licht AG