Generation Change 4.0 at Ottobock

PR70110

DUDERSTADT, Germany, September 15, 2017/PRNewswire=KYODO JBN/ --

- German medtech company sets course for future

    Prof. Hans Georg Nader's youngest daughter, Georgia, will in future be

representing the family on Ottobock's supervisory board, which is currently

being formed. Otto Bock HealthCare GmbH, based in the German state of Lower

Saxony, is undergoing the conversion to an SE & Co. KGaA. Georgia Nader will

therefore also be enlisted to the executive board of Otto Bock Holding GmbH &

Co. KG.

     (Photo: http://mma.prnewswire.com/media/556755/Georgia_Nader.jpg )

     (Photo: http://mma.prnewswire.com/media/556754/Dr__Oliver_Scheel.jpg )

    Following nearly three decades in his role as CEO at Otto Bock HealthCare

GmbH, Prof. Hans Georg Nader (56) will be assuming the leadership of the

supervisory board of the future Ottobock SE & Co. KGaA as chairman of the

board. Dr Oliver Scheel (49) will take over the role of CEO on 15 January 2018.

    The appointment of Dr Scheel, a long-time partner and managing director at

consulting company A.T. Kearney and head of their pharma, medical technology

and healthcare department who possesses extensive expertise in the subject of

transformation management, represents the first time in Ottobock's history that

a manager from outside the family has taken the helm of the German-based

"hidden champion" and global market leader in the field of technical

orthopaedics.

    Longstanding CFO Harry Wertz (60) will exclusively continue his role as CEO

with the Otto Bock Holding GmbH & CoKG.

    The head of the Nader Family Office, Stefan Hirsch (45), was also enlisted

to the executive board of Otto Bock Holding GmbH & Co. KG as part of the

developments within the company.

    Further information:

http://www.ottobock.com/en/press/press-releases/news-overview-page-2.0.html

    Head of Investor Relations / Corporate Communications

    Mark C. Schneider

    Phone: +49(0)30-398-206-222 / mobile: +49(0)151-146-591-35

    Email: MarkC.Schneider@ottobock.de

    Source: Otto Bock HealthCare GmbH