EANS-Adhoc: ams AG ams CFO Michael Wachsler to step down with a view to standing for election to the Supervisory Board of ams in 2022; Ingo Bank joins Management Board of ams as CFO effective 1 May 2020
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Disclosed inside information pursuant to article 17 Market Abuse Regulation
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The issuer is responsible for the content of this announcement.
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Management Changes
06.03.2020
Premstaetten - Premstaetten, Austria (6 March 2020) -- ams (SIX: AMS), a leading
worldwide supplier of high performance sensor solutions, announces that Chief
Financial Officer (CFO) Michael Wachsler will step down from his position in the
Management Board of ams effective 31 May 2020.
As part of the Supervisory Board's long-term succession planning the Supervisory
Board of ams intends to propose that Michael Wachsler be elected as member of
the Supervisory Board in the Annual General Meeting 2022 following a two-year
cooling-off period.
Hans Jörg Kaltenbrunner, Chairman of the Supervisory Board, commented, "As a
long-term member of the Management Board, Michael Wachsler played a key role
well beyond his position as CFO in growing ams from a medium-sized company with
a focus on Europe to a USD 2 billion globally successful and world leading
provider of sensor solutions given his outstanding expertise and experience. The
Supervisory Board would like to thank Michael Wachsler for 19 years of
exceptional commitment. We are very pleased that Michael Wachsler will remain
with ams in an advisory role for the coming two years and would then make his
leadership qualities available to the Supervisory Board as well."
Simultaneously, the Supervisory Board of ams is pleased to announce that Ingo
Bank will join the Management Board of ams as Chief Financial Officer (CFO)
effective 1 May 2020. To this end, Ingo Bank will step down from the Management
Board of OSRAM Licht AG, where he holds the CFO position, effective 30 April
2020. Ingo Bank's term will run for three years.
An economics graduate, Ingo Bank has an extensive track record working in a
range of technology markets. He joined OSRAM Licht AG in 2016 from Parexel, a
U.S.-based listed provider of biopharmaceutical services, where he held the CFO
position. Prior to that, he spent 18 years at Philips in various roles,
including head of finance for a business unit of Philips Lighting and CFO of the
healthcare division. Ingo Bank is a German citizen and, during his 25-year
career, has lived in Europe, Asia and the United States.
Hans Jörg Kaltenbrunner added, "The Supervisory Board is very pleased that Ingo
Bank will join ams as new CFO given his strong international experience and
excellent financial expertise in technology markets. This seamless transition
will allow ams to continue its successful development."
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About ams
ams is a global leader in the design and manufacture of advanced sensor
solutions. Our mission is to shape the world with sensor solutions by providing
a seamless interface between humans and technology.
ams' high-performance sensor solutions drive applications requiring small form
factor, low power, highest sensitivity and multi-sensor integration. Products
include sensor solutions, sensor ICs, interfaces and related software for
consumer, communications, industrial, medical, and automotive markets.
With headquarters in Austria, ams employs about 9,000 people globally and serves
more than 8,000 customers worldwide. ams is listed on the SIX Swiss stock
exchange (ticker symbol: AMS). More information about ams can be found at https:
//ams.com [https://ams.com/]
Join ams social media channels:
>Twitter [https://twitter.com/amsAnalog] >LinkedIn [https://www.linkedin.com/
company/ams-ag] >Facebook [https://www.facebook.com/amsAnalog] >YouTube [https:/
/www.youtube.com/user/amsAnalog]
ams is a registered trademark of ams AG. In addition many of our products and
services are registered or filed trademarks of ams Group. All other company or
product names mentioned herein may be trademarks or registered trademarks of
their respective owners. Information provided in this press release is accurate
at time of publication and is subject to change without advance notice.
Further inquiry note:
Moritz M. Gmeiner
Vice President Investor Relations
Tel: +43 3136 500-31211
Fax: +43 3136 500-931211
Email: investor@ams.com
end of announcement euro adhoc
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issuer: ams AG
Tobelbader Strasse 30
A-8141 Premstaetten
phone: +43 3136 500-0
FAX: +43 3136 500-931211
mail: investor@ams.com
WWW: www.ams.com
ISIN: AT0000A18XM4
indexes:
stockmarkets: SIX Swiss Exchange
language: English