At its meeting held on April 19, 2016, the supervisory board of OSRAM Licht AG decided key changes in the composition of the managing board. In line with the company's stronger technology focus, the supervisory board appointed Stefan Kampmann as Chief Technology Officer with effect from July 1, 2016. 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.

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.