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Provider: GlobalData

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Zumtobel AG Announces Management Changes

Thursday, 22 Aug 2013 01:30pm EDT 

Zumtobel AG announced that supervisory Board of the Company accepted the resignations of Chief Executive Officer (CEO) Harald Sommerer and Chief Financial Officer (CFO) Mathias Dähn effective September 30, 2013. This step had been preceded in recent months by intensive discussions on the future strategic direction of the Zumtobel Group. During these discussions it emerged that the two board members and the Supervisory Board held different views on the operational implementation of the global growth strategy during the important phase of the technology shift to LEDs. Thereafter, Ulrich Schumacher was appointed CEO of the Company with effect from October 1, 2013. His term of office runs until April 30, 2017. The search for a new CFO has been commissioned and is expected to be concluded in the next few months. In the interim, Ulrich Schumacher has also been appointed CFO of the Company. 

Company Quote

-0.435 -2.68%
28 Jul 2014