Stefan Traeger Leaving Jenoptik
Stefan Traeger will step down from Jenoptik’s executive board on Feb. 15, and leave Jenoptik AG by mutual agreement. The company's supervisory board announced the planned departure, as well as its plan to begin a structured process to find Traeger’s successor. Traeger leaves company after serving nine years as president and CEO.
The announcement comes only 15 months after Jenoptik announced that it would extend Traeger's contract. The current deal, initiated in September 2024, extended Traeger through June 2028. The deal came into effect this summer.
Stefan Traeger. Courtesy of Jenoptik.
Since taking over as president & CEO in 2017, Jenoptik has sold non-photonics businesses as part of the Group's strategic realignment, and the core optical/photonics business has been expanded through acquisitions. Jenoptik acquired TRIOPTICS in 2020 and Berliner Glas Medical and SwissOptic in 2021.
The largest single investment in the Group's recent history, the construction of a state-of-the-art factory for innovative micro-optics in Dresden, has significantly strengthened Jenoptik's operational base, the company said. During Traeger's tenure, the Group’s revenue rose from around €685 million (~$792M) to over €1.1 billion last year.
/Buyers-Guide/Jenoptik-Optical-Systems-GmbH/c17723