Osram's CEO Wolf-Dieter Bopst retires

Published: 6 May 2005 Category: News

Martin Goetzeler has been voted as Osram CEO, successor to Wolf-Dieter Bopst’ who has been with Osram for over 37 years:

Osram's CEO Wolf-Dieter Bopst retires

This change of management at Voltimum Founder Member Company Osram took place on 1 May 2005. Wolf-Dieter Bopst propelled the company into a leading international position in his 14 years at the helm. Today, Osram is one of the world's two leading lighting manufacturers.

Goetzeler, who joined Osram in 1999, can look back on an international professional development within the company. The 42-year-old business administration graduate (born in Munich on 11 May 1962) is currently the chief financial officer of the US-based Osram Sylvania, which generates over 40% of Osram's worldwide sales. Goetzeler formerly acted for the company in Italy and as the managing director of Osram in the UK and Ireland.

During his leadership since 1991, Bopst (65) has been able to double Osram's market share to some 20%, and he has almost tripled sales to EUR 4.2bn and the profit margin most recently to 11.1% (Q1). Bopst has turned a lamp manufacturer with some 16,000 employees into an innovative group in the lighting sector with a worldwide presence and a workforce of almost 39,000.

Apart from the internationalisation of the group, Bopst's name is also associated with the boosting of Osram's innovative power including portfolio expansions, in particular, the group's entry into the opto-semiconductor market.

The picture shows (top) the retiring Wolf-Dieter Bopst, and (below), new CeO Martin Goetzeler.

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