Novaled has announced at the annual shareholder meeting that the company has elected two new members to its supervisory board - Dr. Wolfgang Ziebart as Chairman of Novaled’s Supervisory Board, and Ernest E. Maddock as Head of the Supervisory Board’s Audit Committee. Ziebart and Maddock will hold their respective positions for terms of 3 years, effective March 28, 2012.
Ziebart succeeds Thilo von Selchow, who had completed his term as Chairman of the Supervisory Board. Dr. Jan Blochwitz-Nimoth, co-founder of Novaled, resigned from the Supervisory Board but will continue to serve as Novaled’s Chief Scientific Officer.
Ziebart is currently a member of the Automotive Advisory Board, AUPEO GmbH, and the supervisory boards of several other companies. From 2009 to 2010, he was the CEO of Artega Automobil GmbH & Co. KG, and from 2004 to 2008, he was the CEO of Infineon AG. Prior to this, he was a member of the Boards of Directors of Continental AG and BMW AG.
Maddock has been with Lam Research for 14 years. He has served as the Company’s Chief Accounting Officer since 2009 and prior to that was Senior Vice President and CFO at Lam Research. Maddock also heads and oversees information technology for Silfex, a division of Lam Research. From 2003 to 2008, he was Senior Vice President of Global Operations and prior to that was Director of Global Sales Finance at Lam Research.
Gildas Sorin, CEO of Novaled, said, “We are delighted that Dr. Wolfgang Ziebart and Ernest Maddock will join Novaled’s Supervisory Board at a time when we are taking the next steps forward for Novaled. Ziebart’s long-standing experience in managing publicly traded companies and Maddock’s extensive industry experience will help us to further develop Novaled’s business. We would also like to thank Thilo von Selchow for his commitment and consistently successful work in supporting Novaled’s development.”