Jenoptik : Supervisory Board extends the CFO contract for Hans-Dieter Schumacher by additional five years

At its regularly scheduled meeting on September 14, the Supervisory Board of JENOPTIK AG made the unanimous decision in favor of early extension of the contract of Chief Financial Officer Hans-Dieter Schumacher by five years until March 31, 2023. Hans-Dieter Schumacher has been a member of the Executive Board since 2015.

'This is a clear signal not just for the continuity and stability of the company's management but above all for the Group's growth strategy. Under the leadership of Dr. Stefan Traeger, who took over as Chairman of the Executive Board for three years in May 2017, the existing Executive Board team will further develop Jenoptik into a leading international technology group in the coming years,' said Matthias Wierlacher, Chairman of the Supervisory Board of JENOPTIK AG.

Within the Executive Board, Hans-Dieter Schumacher is responsible for the areas of Accounting, Controlling, Treasury, Taxes, and IT, and starting in October 2017, the areas of Audit, Real Estate, and General Procurement as well.

Dr. Stefan Traeger, Chairman of the Executive Board at JENOPTIK AG, said: 'I am looking forward to continuing to work with my colleague on the Executive Board. Together we will continue to advance Jenoptik in the interests of our employees, customers, and shareholders.'

As before, President & CEO Dr. Stefan Traeger has been responsible for the areas of Strategy & Innovation Management, Communications & Marketing, Human Resources, and Legal. His new areas of responsibility include Investor Relations, Mergers & Acquisitions, and Compliance & Risk.

In addition to extending Hans-Dieter Schumacher's contract, the Supervisory Board also approved the adjustments of responsibilities proposed by the Executive Board.

Pictures are available for download from the Jenoptik image database in the Jenoptik / Executive Board gallery.

Picture: CFO Hans-Dieter Schumacher (left) and President & CEO Dr. Stefan Traeger.

As an integrated photonics group, Jenoptik divides its activities into three segments: Optics & Life Science, Mobility as well as Defense & Civil Systems. Its customers around the world mainly include companies in the semiconductor equipment industry, automotive and automotive supplier industry, medical technology, security and defense technology as well as the aviation industry. Jenoptik has about 3,600 employees worldwide and generated revenue of approx. 685 million euros in 2016.