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MarketScreener Homepage  >  Equities  >  Xetra  >  OSRAM Licht AG    OSR   DE000LED4000

OSRAM LICHT AG

(OSR)
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Osram Reshuffles Board Amid Corporate Restructuring

12/01/2020 | 10:24am EST

By Giulia Petroni

Osram Licht AG said Tuesday that it will start negotiations on a mutual early termination of Management Board Chairman Olaf Berlien's contract as part of a reorganization of its corporate structure.

The company said Mr. Berlien, whose mandate will terminate by the end of February, will be succeeded by Ams AG's chief financial officer Ingo Bank.

The move comes after Ams and Osram signed a domination and profit and loss agreement, "which is expected to become effective within the next weeks," it said. This agreement has paved the way for the integration of Ams and Osram into a combined company.

Furthermore, Osram said Peter Bauer, chairman and member of the supervisory board, will resign in mid-December. Thomas Stockmeier, a supervisory board member at Osram and member of the Ams management board, will replace Mr. Bauer as chairman of the board.

The company added that supervisory board member Christine Bortenlaenger is set to step down from the board at the company's annual general meeting on Feb. 23.

The two seats on the board vacated by Mr. Bauer and Ms. Bortenlaenger will be filled by Ulrich Huewels, head of Ams's optical sensors solution division, and Christin Eisenschmid, managing director of Intel Germany and Austria, Osram said.

Write to Giulia Petroni at giulia.petroni@wsj.com

(END) Dow Jones Newswires

12-01-20 1023ET

Stocks mentioned in the article
ChangeLast1st jan.
AMS AG -3.04% 21.39 Delayed Quote.13.95%
INTEL CORPORATION 2.57% 60.14 Delayed Quote.16.40%
MIMECAST LIMITED 0.04% 44.81 Delayed Quote.-21.20%
OSRAM LICHT AG -0.15% 52.32 Delayed Quote.0.69%
All news about OSRAM LICHT AG
01/20MIMECAST : Significant Insider Sales Reported in Shares of Mimecast (MIME) Exten..
MT
01/11INSIDER TRENDS : Selling By Insiders Lingers at Mimecast
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01/08OSRAM LICHT : Information in accordance with Section 125 of the German Stock Cor..
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01/08OSRAM LICHT : Further information on the candidate proposed for the by-election ..
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01/08OSRAM LICHT : Invitation and agenda of our Annual General Meeting 2021
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01/07GERM KILLER TO GO : Osram announces the fight against viruses and bacteria with ..
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2020MIMECAST : Insider Selling in Mimecast (MIME) Shares Continues
MT
2020INSIDER TRENDS : 90-Day Insider Selling Trend Prolonged at Mimecast
MT
2020MIMECAST : Significant Insider Selling in Shares of Mimecast (MIME) Continues
MT
2020INSIDER TRENDS : Mimecast Insider Prolongs 90-Day Selling Trend
MT
More news
Financials
Sales 2021 3 294 M 4 003 M 4 003 M
Net income 2021 -28,9 M -35,1 M -35,1 M
Net Debt 2021 474 M 576 M 576 M
P/E ratio 2021 -174x
Yield 2021 -
Capitalization 4 935 M 5 971 M 5 998 M
EV / Sales 2021 1,64x
EV / Sales 2022 1,54x
Nbr of Employees 21 400
Free-Float 22,3%
Chart OSRAM LICHT AG
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Technical analysis trends OSRAM LICHT AG
Short TermMid-TermLong Term
TrendsNeutralBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 5
Average target price 49,91 €
Last Close Price 52,40 €
Spread / Highest target 52,7%
Spread / Average Target -4,76%
Spread / Lowest Target -21,8%
EPS Revisions
Managers and Directors
NameTitle
Olaf Berlien Chief Executive Officer
Thomas Stockmeier Chairman-Supervisory Board
Kathrin Dahnke Chief Financial Officer
Christine Maria Bortenlänger Independent Member-Supervisory Board
Francisus Hermanus Lakerveld Independent Member-Supervisory Board
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