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After AMS came to power: top management leaves Osram lighting company

2020-12-02T00:37:07.977Z


The AMS has already taken power from Austria. Now CEO Olaf Berlien and Supervisory Board Chairman Peter Bauer are also leaving the former Siemens subsidiary. An old friend takes the lead.


Icon: enlarge

Departure

: Chairman of the Supervisory Board

Peter Bauer

and Chief Executive Officer

Olaf Berlien

(r.)

Will

leave Osram.

Photo: dpa picture alliance / Frank Hoermann / SVEN SIMON / picture alliance / SvenSimon

After the Munich lighting technology group Osram lost its independence, the top management is now leaving the company.

Chief Executive Officer

Olaf Berlien

(58) will resign at the Annual General Meeting in February.

Chairman of the Supervisory Board

Peter Bauer

(60), who originally wanted to leave at the same time, will be leaving in mid-December for health reasons.

That was decided by the Osram Supervisory Board today.

The takeover of power by the Austrian AMS Group, which took place at the beginning of November, has now also been completed in terms of personnel.

The Osram shareholders approved the domination and profit transfer agreement with the new owner at a special general meeting.

Now, Berlien and Bauer, the two defining figures of the past few years are leaving.

After the general meeting next year, Osram will be headed pro forma and without separate remuneration by AMS CFO

Ingo Bank

(52).

Bank originally comes from Osram, but had already switched to AMS in March.

AMS board member

Thomas Stockmeier is to

become the

new head of the supervisory board

.

The separation of Berlien and Bauer takes place on the best of terms.

Obviously Berlien, whose contract ran until the end of 2022, received a decent severance package.

He has reportedly not pulled his contractual clause for the change of control, which has already caused a stir.

According to information from manager magazin, the position of co-chairman of the board at AMS should have been considered for Berlien.

Apparently, however, the considerations were rejected by both sides because of the generally bad experience with double peaks.

At the beginning of November, Osram had already announced the resignation of Chief Technology Officer

Stefan Kampmann

(57), who is apparently going to the family-run industrial plant group Voith.

All central departments at Osram are already reporting to AMS in Premstätten in Styria.

Berlien has been managing Osram since 2015. He put an end to the cost reduction of his predecessor

Wolfgang Dehen

and

completely realigned

the former Siemens spin-off with an offensive strategy.

Berlien sold the traditional lamp business and replaced the centralized parent company hierarchy with a management holding company with more independent business areas.

He later invested heavily in building an LED chip factory in Malaysia.

When the shareholders no longer approved of the course, he took another flight, negotiating a takeover by the two US financial investors Bain Capital and Carlyle Man, who promised Osram's independence.

But then AMS made the financially more attractive offer, and the board recommended that its shareholders accept it.

partly

Source: spiegel

All news articles on 2020-12-02

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