Tim Yun Chen named new CFO of LEDVANCE as of July 1, 2018

27.06.2018 | Business press

Tim Yun Chen (42) has been named new Chief Financial Officer (CFO) of LEDVANCE GmbH (LEDVANCE) with effect from July 1, 2018. The LEDVANCE Supervisory Board reached this decision at yesterday’s meeting. Operating out of the global headquarters in Garching, Chen will succeed Oliver Neubrand, who will leave the company at his own request on July 31.

In view of this appointment, Tim Yun Chen has resigned his position as Chairman of the Supervisory Board. Lawrence Lin has assumed the position of Chairman of the Supervisory Board. Lin is Executive General Manager of the leading Chinese LED lighting company MLS, the sole owner of LEDVANCE. Hubert Roßkopf, Chairman of the joint works council, was appointed as Vice Chairman of the Supervisory Board.

Tim Yun Chen looks back on more than 15 years of experience in leading management positions and brings more than ten years of market experience in the lighting industry. For 12 years, Chen worked for the lighting company OSRAM, out of which he spent around five years in their Munich headquarters. His most recent position at OSRAM was as CFO for the Asia-Pacific region.

"Tim Yun Chen has been with our company for many years. With his international experience and industry expertise, he will strengthen the LEDVANCE management team. Together we want to master the challenges in the lighting industry," said Lawrence Lin, Chairman of the Supervisory Board of LEDVANCE.

"I’m grateful for this appointment and look forward to further collaboration with the management. We will focus even more on our customers and actively pursue our goal of becoming the global number one in the lighting industry," said Tim Yun Chen.

Before joining LEDVANCE, Hubert Roßkopf worked for OSRAM for more than 25 years where he was appointed works council Chairman in Eichstätt in 2010.

“I have known Tim Yun Chen for a long time. As a works council, we worked constructively with him on the Supervisory Board and will do the same in his new role as CFO. I am now looking forward to working with Lawrence Lin”, said Hubert Roßkopf, Vice Chairman of the Supervisory Board and Chairman of the joint works council.

ABOUT LEDVANCE

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. The management board consists of Dr. Jacob Tarn, Chairman of the Management Board and Chief Executive Officer (CEO), Tim Yun Chen, Chief Financial Officer (CFO) and Erol Kirilmaz, Chief Sales & Marketing Officer (CSMO). 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. Since April 2018, the leading Chinese LED lighting company MLS is the sole owner of LEDVANCE. In March 2017, LEDVANCE was acquired by a consortium, consisting of MLS and the investment firms IDG Capital and Yiwu. 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.


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s.moosmann@ledvance.com