Zumtobel Group AG Announces Changes in the Supervisory Board
February 13, 2020 at 11:51 am EST
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Zumtobel Group AG announced that at its meeting on February 13, 2020, the Supervisory Board of the company dealt with possible new appointments to as well as a rejuvenation of the Supervisory Board. After a proposal was made, Dipl.-Ing. Jürg Zumtobel, Chairman of the Supervisory Board, and Dipl.-Ing. Fritz Zumtobel, Member of the Supervisory Board, informed the Supervisory Board about their decision of an early termination of their contracts. With this early termination, the two longstanding Supervisory Board members are proactively setting the course for a new appointment to as well as a rejuvenation of the Zumtobel Group AG's Supervisory Board. The Supervisory Board is proposing the appointment of Dr. Georg Pachta-Reyhofen, former Chairman of the Executive Board at the stock-listed mechanical-engineering group MAN SE. Additionally, the Supervisory Board is proposing the appointment of Dr. Thorsten Staake from the University of Bamberg. The extraordinary General Meeting for the election of the new members of the Supervisory Board is expected to take place at the End of March 2020. The appointment of a new Chairman of the Zumtobel Group AG's Supervisory Board will be decided on during the inaugural meeting following the extraordinary General Meeting.
Zumtobel Group AG is an Austria-based company. The Company is engaged as a provider of lighting solutions, lighting components and the associated services. The Company operates through two segments: Lighting Segment and Components Segment. In the lighting segment, the Company produces hardware and software for lighting systems (LED light sources, LED drivers, sensors and light management). It offer services such as advice on intelligent lighting controls and emergency lighting systems, lighting contracting, design services, project management for turnkey lighting solutions as well as new, data-based services with a focus on connecting buildings and cities using light infrastructure, e.g. Real-time location of goods and people using Bluetooth Doppler direction finding. The Components segment includes industry (including logistics, halls, parking garages), office, education and healthcare (including hospitals, schools and universities) and retail (incl. Supermarkets, furniture stores).
ZUMTOBEL GROUP AG 
