Effective September 6, 2018, Dr. Jacob C. Tarn has resigned as CEO of LEDVANCE for personal reasons. Dr. Tarn has informed the members of the Supervisory Board about his decision. The Supervisory Board has already started the search for a new CEO. Until that position is filled, Dr. Tarn’s responsibilities will be assumed jointly by the two managing directors Erol Kirilmaz, Chief Sales and Marketing Officer, and Tim Yun Chen, Chief Financial Officer.
Lawrence Lin, Chairman of the Supervisory Board, commented: „LEDVANCE has made great progress on its way of becoming a globally-leading, full-scale LED lighting company. Erol Kirilmaz, Tim Yun Chen, and the entire management team will make sure that operations run smoothly until a new CEO is appointed.”
With offices in more than 50 countries and business activities in more than 140 countries, LEDVANCE is one of the world’s leading general lighting providers for professional users and end consumers. Having emerged from the general lighting business of OSRAM GmbH, LEDVANCE offers a wide-ranging assortment of LED luminaires for a broad spectrum of application areas, intelligent lighting products for Smart Homes and Buildings, one of the largest LED lamps portfolios in the industry, and traditional light sources. In fiscal year 2017, LEDVANCE achieved a turnover of around 1.9 billion Euro. Based on an agreement with OSRAM, LEDVANCE will continue to use the trusted OSRAM brand for many of its products (SYLVANIA for the USA and Canada). Further information can be found at www.ledvance.com.