The current CEO of Leica Camera AG Oliver Kaltner will not be extending his contract on August 31st. The German website FinanzNachrichten reports that Leica's Supervisory Board was not satisfied with Kaltner's style of leadership. Here is the full, Google translated text:
WETZLAR (dpa-AFX) - The camera manufacturer Leica has to look for a new boss. The Chairman of the Board, Oliver Kaltner, had decided not to extend his term of office as of 31 August 2017, a company spokeswoman said on Tuesday in Wetzlar. His decisionBased "on other plans I would like to pursue," explained Kaltner. By the end of August, he would be "available in full" as the executive committee of Leica Camera AG. Kaltner had taken the position of head of the traditional company in April 2015.
It was clear from the company that the Supervisory Board was dissatisfied with Kaltner's style of leadership. He had run the small camera manufacturer like a large corporation. He had failed, "the employee "Leica, the German press agency, is about to take over the presidency of the board of directors first