The Supervisory Board of Vectron Systems AG has appointed Oliver Kaltner with effect from 1 February 2018 to become the company's CEO for the next four years. The two company founders and main shareholders Thomas Stümmler and Jens Reckendorf will continue to be available to the company in the future. Jens Reckendorf will continue to be responsible for technical development as Chief Executive Officer.

Thomas Stümmler retires from the board of directors. He will continue to advise the Management Board in the areas of strategic planning, PR and investor relations and will stand for election to the Supervisory Board at the next Annual General Meeting. Oliver Kaltner has many years of experience in the consumer electronics and IT industries as well as extensive expertise in the areas of product management, retail, sales, digital transformation and brand management.

Most recently, he served as CEO of Leica Camera AG, helping the traditional premium brand for camera and sports optics products to achieve sustained international growth, sales and profit records.