Peter Bauer (53) is the new Chairman of the Supervisory Board of OSRAM Licht AG and OSRAM GmbH. He is taking over both offices from Siegfried Russwurm (50), who stepped down from the committees at the end of the day on November 26, 2013. Roland Busch (49) will take his place as a member of the Supervisory Board of both entities. He was in each case elected additional Deputy Chairman by the Supervisory Board. Osram had stated in its prospectus in June 2013 that Mr. Russwurm planned to step down from his Osram mandates before the end of the calendar year 2013.

Peter Bauer, Chairman of the Supervisory Board of OSRAM Licht AG and OSRAM GmbH. (OSRAM)

Peter Bauer started his career as development engineer at Siemens in the department electronic semiconductors in 1986. From 1993 to 1998, Mr. Bauer headed various business units of the semiconductor division, most recently the Microcomputer ICs segment. He served as CEO of the US subsidiary Microelectronics, Inc. in Cupertino from 1998 to April 1999 while also heading the global sales unit. In 1999, Mr. Bauer was appointed member of the Managing Board of Infineon AG and in 2010 he became Chairman of the Managing Board of Infineon AG until he resigned from the Managing Board of Infineon AG at the end of September 2012. Mr. Bauer is currently a management consultant and a member of the Supervisory Board of Kontron AG.