Zumtobel Group AG Appoints Marcus Frantz as Chief Digital Transformation Officer
June 09, 2022 at 08:45 am EDT
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Until now the Management Board of the Zumtobel Group AG consisted of three members and will now, during the ongoing financial year, be extended by a fourth member: as of 1 November 2022, Marcus Frantz will assume the position of Chief Digital Transformation Officer (CDTO) in order to further advance the Group's digital transformation. The Supervisory Board had already announced the planned expansion of the Management Board at the last Annual General Meeting in July 2021. The new Management Board member is appointed until 30 July 2025. Most recently, Marcus Frantz (57) was CIO (Chief Information Officer) at the ÖBB Holding AG. In this role, he was responsible for the development and implementation of the digital business strategy ('Connected Mobility') and its related corporate IT strategy. During this time, he initiated, among other things, the establishment of a digital booking platform in cooperation with the Management Board of Rail Cargo, which has led to significant improvements in efficiency and customer satisfaction. Additionally, Frantz was most recently also Managing Director of the intra-group service provider ÖBB-Business Competence Center GmbH" for the departments of information and communications
technology (ICT) and innovation. Prior to that, in his role as Group CIO of the OMV Group, Frantz was responsible for operational IT management, the corporate IT strategy as well as the area of digitalisation. The business economist with a degree in business
administration studied marketing und organisation at the universities of Konstanz and Trier, Germany. He started his professional career as a project manager at various international consulting firms, with a focus on developing the organisation, human resources as well as the IT strategy.
Zumtobel Group AG is an Austria-based company. The Company is engaged as a provider of lighting solutions, lighting components and the associated services. The Company operates through two segments: Lighting Segment and Components Segment. In the lighting segment, the Company produces hardware and software for lighting systems (LED light sources, LED drivers, sensors and light management). It offer services such as advice on intelligent lighting controls and emergency lighting systems, lighting contracting, design services, project management for turnkey lighting solutions as well as new, data-based services with a focus on connecting buildings and cities using light infrastructure, e.g. Real-time location of goods and people using Bluetooth Doppler direction finding. The Components segment includes industry (including logistics, halls, parking garages), office, education and healthcare (including hospitals, schools and universities) and retail (incl. Supermarkets, furniture stores).