Zumtobel Group CEO Alfred Felder contract extended by three years until 30 April 2022

Alfred Felder

DORNBIRN, Austria, 05-Dec-2018 — /EuropaWire/ — The Supervisory Board of the Zumtobel Group announces that the contract of CEO (Chief Executive Officer) Alfred Felder, which expires on 30 April 2019, has been extended by three years until 30 April 2022.

With this measure, the Supervisory Board provides for continuity on the way back to good profitability and growth. On behalf of the Supervisory Board, Chairman Jürg Zumtobel explains: “It was an easy and logical decision to extend the mandate of Alfred Felder. Since he took over as CEO in February, he has shown with his enormous commitment, many implemented measures and significant improvements that he deserves full trust. We are very confident that the necessary changes will now continue to be implemented quickly and consistently.”

CEO Alfred Felder emphasises: “In the last ten months, we have set the course for the strategic repositioning of the Zumtobel Group. It is extremely important to me and I greatly appreciate that the Supervisory Board stands behind the strategy and me in the long term. The goal is to make the company shine again. We are now taking further steps of change to complete the stable foundation which profitable growth builds upon.”

About Alfred Felder
Alfred Felder (55) joined the Zumtobel Group in November 2012 and was initially responsible for the components business as CEO of Tridonic. In April 2016, Alfred Felder was appointed to the Zumtobel Group’s Management Board as Chief Operating Officer (COO). From 1 February 2018 he took over the role of Acting President of the Executive Board. On 8 June 2018 he assumed function role of Chief Executive Officer (CEO).

Felder holds a doctorate in electrical engineering and previously held a wide range of specialist and management roles with the Siemens Group and its former lighting segment, Osram. In the course of his career he has spent several longer periods in Japan, the U.S. and China. From 2007 to 2012 his activities focused of the sale of semiconductors and luminaires, primarily in Asia.

Media Contact
Marina Konrad-Märk
Head of Corporate Communications
+43 (0)5572 509 575
marina.konrad-maerk@zumtobelgroup.com

Contact Investor Relations
Emanuel Hagspiel
Head of Investor Relations
+43 (0)5572 509 1125
emanuel.hagspiel@zumtobelgroup.com

SOURCE:  Zumtobel Group AG