Siemens announced that it plans to publicly list its subsidiary Osram GmbH in the fall of 2011. The parent company intends to retain a minority stake in Osram, in which it will remain a long-term anchor shareholder. ’Osram has an outstanding position worldwide as Siemens’ lighting brand, and we intend to maintain our close ties to the future Osram AG as a long-term anchor shareholder.
With the IPO, we want to give Osram complete entrepreneurial freedom to comprehensively further develop its leading competitive position in a lighting market being swept by technological changes,’ said Siemens President and CEO Peter Loscher. Siemens also wants to participate in future growth in the market for new lighting technologies.
For the IPO, Wolfgang Dehen, currently member of Siemens’ Managing Board and CEO of the Energy Sector, has been appointed to head the Osram Executive Board, effective April 1, 2011. Following the transformation of Osram GmbH into a publicly listed company, he will serve as its President and CEO. ’Wolfgang Dehen, a highly respected manager, has the experience necessary to prepare Osram’s public listing and establish Osram as an independent, publicly listed company with Siemens as anchor shareholder,’ said Peter Loscher.
’I’m looking forward to bringing this innovation leader with its globally recognized brand name onto the stock market. Together with Osram’s roughly 40,000 employees worldwide, we want to play a decisive role in shaping the future of the lighting market with green, energy-efficient solutions and products. With Martin Goetzeler, we have a Chief Operating Officer who stands for success and continuity,’ said Wolfgang Dehen.
Martin Goetzeler has resigned his position as CEO of the Executive Board of Osram GmbH. He has been appointed Chief Operating Officer of Osram by the Supervisory Board of Osram GmbH, effective April 1, 2011. He will continue to perform this function as a member of the Osram Managing Board after the establishment of Osram AG. Dr. Klaus Patzak, currently Chief Accounting Officer and Controller of Siemens AG, is to be the CFO of Osram GmbH – and after the public listing – the CFO of Osram AG.
