Following on from his current appointment which runs up to June 2012, Dr. Michael Mertin will be continuing to lead the Jenoptik Group as Chairman of the Executive Board for a further five years. The 45 year-old was re-elected in his post by the Supervisory Board of JENOPTIK AG. Dr.-Ing. Michael Mertin joined Jenoptik from Carl Zeiss in 2006 as Head of Operational Business and has been Chairman of the Executive Board of JENOPTIK AG since July 2007. "The path of profitable and sustainable growth will be continued on a consistent basis and remains underpinned by strong management of the Group ", said Rudolf Humer, Chairman of the JENOPTIK AG Supervisory Board.
Frank Einhellinger, Chief Financial Officer of JENOPTIK AG since July 2007, has decided not to extend his contract on the Executive Board. After fifteen successful years at Jenoptik the 43 year-old now wants to devote himself to new tasks. He will fulfill his contract which runs up to June 2012 and then continue to make himself available to the company in an advisory capacity. Executive Board and Supervisory Board would like to express their thanks to Mr. Einhellinger for notifying them well in advance, ensuring an orderly and smooth transfer of the duties to a new Chief Financial Officer of JENOPTIK AG. Frank Einhellinger joined Jenoptik from Porsche AG in 1996 and attended the development of the optoelectronics group through numerous stages.
Company and Supervisory Board acknowledge the decision of Frank Einhellinger with regret.
Since 2007 Dr. Michael Mertin and Frank Einhellinger have worked together in shaping the company's fundamental strategic realignment. This included amongst other things a new, market-driven organizational and management structure as well as the Jenoptik Excellence Program and was the basis for the increase in the earnings capacity. During the course of this the market presence and cost structures have been significantly improved. The net debt has also been more than halved thanks, amongst other things, to the increase in the cash flow. For 2011 Jenoptik is aiming to achieve record operating profits.
Frank Einhellinger, Chief Financial Officer of JENOPTIK AG since July 2007, has decided not to extend his contract on the Executive Board. After fifteen successful years at Jenoptik the 43 year-old now wants to devote himself to new tasks. He will fulfill his contract which runs up to June 2012 and then continue to make himself available to the company in an advisory capacity. Executive Board and Supervisory Board would like to express their thanks to Mr. Einhellinger for notifying them well in advance, ensuring an orderly and smooth transfer of the duties to a new Chief Financial Officer of JENOPTIK AG. Frank Einhellinger joined Jenoptik from Porsche AG in 1996 and attended the development of the optoelectronics group through numerous stages.
Company and Supervisory Board acknowledge the decision of Frank Einhellinger with regret.
Since 2007 Dr. Michael Mertin and Frank Einhellinger have worked together in shaping the company's fundamental strategic realignment. This included amongst other things a new, market-driven organizational and management structure as well as the Jenoptik Excellence Program and was the basis for the increase in the earnings capacity. During the course of this the market presence and cost structures have been significantly improved. The net debt has also been more than halved thanks, amongst other things, to the increase in the cash flow. For 2011 Jenoptik is aiming to achieve record operating profits.
