CFO Hans-Dieter Schumacher will leave JENOPTIK AG after the expiry of his contract
Chief Financial Officer Hans-Dieter Schumacher (58) has notified the Supervisory Board that, for personal reasons, he will not be available for a further term of office after his current Executive Board contract which expires in March 2023. Hans-Dieter Schumacher joined JENOPTIK AG as Chief Financial Officer on April 1, 2015. Prior to this role, he was CFO of the listed company HOMAG Group AG from 2011 to 2015 and CFO of construction material manufacturer Sto AG from 2003 to 2010. Now, after eight rewarding years at Jenoptik, he wants to address new challenges outside the Jenoptik Group.
“We note with regret Mr. Schumacher’s decision and thank him for his professional and farsighted development of the finance department and other units within his remit. We wish him the very best for his personal and professional future,” says Matthias Wierlacher, Chairman of the Supervisory Board. Within the Executive Board, Hans-Dieter Schumacher is responsible for Finance & Controlling (Corporate & Divisional), Treasury, Taxes, IT & Data Security, Internal Audit, Corporate Real Estate Management, and Strategic Procurement.
Hans-Dieter Schumacher played an active part in transforming Jenoptik into a global photonics company and facilitated the financial latitude required to ensure the strong growth seen in recent years with pioneering investments and acquisitions. Jenoptik was also one of the first companies to switch over to sustainable group financing and in 2021 successfully placed debenture bonds and a syndicated loan on the market, both of which are linked to sustainability targets. Under his leadership, data and processes were harmonized worldwide thanks to a standard SAP S/4 Hana system, which will go live this summer.
“I would like to thank all my colleagues and the fantastically motivated Jenoptik team for their support over many years. In particular, I extend warm thanks to my colleague on the Executive Board, our President & CEO Dr. Stefan Traeger, and to the Supervisory Board for creating and ensuring a trusting and collegial working atmosphere at all times. I will continue to fulfill my duties to the best of my ability until the end of my term next year, when I look forward to addressing new challenges. Today we see a robust Jenoptik that is in very solid financial position to enable further growth, that despite challenging conditions can well handle major investments, acquisitions, and an impressively growing day-to-day business. I will therefore be able to hand over my duties in an orderly manner. And, of course, I will be watching with great interest the further development of Jenoptik’,” says Hans-Dieter Schumacher.
A successor will be announced in due course.
This press release may contain statements relating to the future which are based on current assumptions and forecasts made by the corporate management of the Jenoptik Group. A variety of known and unknown risks, uncertainties, and other factors may cause the actual results, the financial situation, the development, or the performance of the company to diverge significantly from the information provided here. Such factors may include, changes in currency exchange rates and interest rates, pandemics, the introduction of competing products, geopolitical conflicts or a change in business strategy. The company does not assume any obligation to update such forward-looking statements in the light of future developments.
Optical technologies are the core our business: Jenoptik is a globally operating technology group and is active in the two photonics-based divisions: Advanced Photonic Solutions and Smart Mobility Solutions. The non-photonic activities, particularly for the automotive market, will be separated as Non-Photonic Portfolio Companies and managed as independent brands. Our key target markets primarily include the semiconductor industry, medical technology, automotive and as well as traffic. Approximately 4,900 employees work for Jenoptik worldwide. The Group’s headquarters are in Jena (Germany). JENOPTIK AG is listed on the German Stock Exchange in Frankfurt and is included in the SDax and TecDax. In the fiscal year 2021, the Group generated revenue of 895.7 million euros, the continuing operations contributed revenue of 750.7 million euros.