At this year’s Annual General Meeting (AGM), OSRAM Licht AG Chief Executive Olaf Berlien gave details of the innovation and growth initiative to the lighting company’s shareholders. “Everyone’s talking about digitalization – but we’re investing in it,” Berlien said in Munich on Tuesday. “Only those who navigate through the dramatically changing lighting industry decisively and with courage and speed can be successful.” Through this initiative, Osram is putting the focus on sustainable growth and wants to take even greater advantage of the potential offered by semiconductor-based lighting technologies. Prior to that, another important strategic step, the carve-out process of the general lighting lamps business, got under way. “The operational carve-out is planned as of April 1, while the legal carve-out is planned as of July 1,” said Berlien, confirming the timeline announced earlier.