- Signs for push-out forces
- After four years on the job
- Laud, praise, thanks and good wishes for Goetzeler
- Kim Schindelhauer taking over in the interim
- Search for a successor
(management-change.com) — Herzogenrath, Germany, January 20, 2017 — This news came the day Donald Trump became the 45th President of the United States of America. Martin Goetzeler, chief executive of Aixtron, leaves. It is a change at short notice. As announced by Aixtron SE in a news release on Friday, January 20, 2017, Martin Goetzeler, Chief Executive Officer, leaves the semiconductor industry company in a surprising move after four years on the job, effective February 28, 2017.
Aixtron will undertake a search for a successor.
Goetzeler’s duties are taken over in the interim by Kim Schindelhauer, currently Supervisory Board Chairman at Aixtron SE.
“For personal reasons”
The imminent management change is explained as follows. Aixtron said: Goetzeler, whose responsibilities included strategy, finances, and also personnel as industrial relations director, “is leaving the company for personal reasons and in agreement with the company’s Supervisory Board”.
In the announcement, the company did not detail the personal reasons causing Goetzeler to leave the position, leaving room for speculation. Generally speaking, “personal reasons” may include, among others, family-related reasons, health reasons or disagreement.
Generally speaking, it is often an alarm signal for stockholders when a CEO leaves the post at short notice and without an understandable explanation.
Goetzeler is leaving the company at the end of his contract on February 28, 2017.
Precise information about the future plans of Goetzeler was not immediately available.
Share price decline
The change follows a sharp decline in the share price of Aixtron SE since January 2011.
On the job as CEO since 2013
Goetzeler has been Chief Executive Officer, President and Chairman of Executive Board at Aixtron SE since March 1, 2013.
Goetzeler has been the Acting Chief Financial Officer of Aixtron SE since May 2014.
Goetzeler’s CV is as follows:
Born in 1962 in Munich, Germany
Finances and Reporting, Strategic Planning, Human Resources, Investor Relations & Communications, Procurement, Information Technology, Legal, Compliance & Risk Management, Quality Management as well as Environment, Social and Governance.
Since March 2013
President & CEO
2011 – 2012
Member of the Board, COO and Labor Relations Director
2005 – 2011
President and CEO
2002 – 2005
OSRAM Sylvania Inc., Danvers, USA
Executive Vice President & CFO
2001 – 2002
OSRAM Ltd., London, UK
General Manager & President
1999 – 2001
OSRAM S.p.A., Milano, Italia
1989 – 2001
1995 – Corporate Finance, Director, Head of Reporting, Planning
1992 – Medical Solutions, Manager Financial Planning, Reporting
1989 – Corporate Finance, Financial Analyst
Majored in Business Administration (Diplom-Kaufmann), Ludwig Maximilian University (LMU), Munich.
Generally speaking, when a top manager announces to step aside with no permanent successor in place, it’s a signal that the move was unplanned and too early.
Signs for push-out forces
It is not completely certain what forces eventually triggered Martin Goetzeler’s move.
The Push-out Score™ determined by management-change.com suggests that push-out forces may have contributed to the management change.
Read the full story in the management-change.com report 04.2017 ($).