Siemens’ Osram Board Member Goetzeler to Quit, FTD Reports

Martin Goetzeler, a board member of Siemens AG (SIE)’s lighting unit Osram AG, has handed in his resignation a few months before the division’s planned initial public offering, the Financial Times Deutschland reported, without saying how it obtained the information.

Goetzeler will receive 2 million euros ($2.6 million) when he leaves and may not move to a competitor according to his contract, the FTD cited people close to the unit as saying.

To contact the reporter on this story: Cornelius Rahn in Frankfurt at crahn2@bloomberg.net

To contact the editor responsible for this story: Kenneth Wong at kwong11@bloomberg.net

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