Press releases

17.10.2018, Mainz, Germany

SCHOTT AG announces the appointment of Ada Pannke to the newly created position of Head of Mergers and Acquisitions

Pannke to lead SCHOTT’s global M&A efforts.
Mainz, Germany – 17 October, 2018 – SCHOTT AG, a leading international technology group in the areas of specialty glass and glass-ceramics, has appointed Ada Pannke as Head of Mergers and Acquisitions.

Ms. Pannke will take over responsibility of all of SCHOTT’s global M&A efforts, advising on the implementation of our corporate acquisition strategy and managing the commercial, financial and legal advisors during the entire process. She will report directly to Dr. Jens Schulte, SCHOTT’s Chief Financial Officer and Member of its Management Board.

“We are pleased to have Ada join our team at SCHOTT,” Dr. Schulte commented.  “This newly created position underscores our strategic plans to grow through acquisitions on top of our organic growth. We are fortunate to have someone of Ada’s caliber to lead, develop and accelerate this effort. I am confident that SCHOTT will benefit from her business acumen, experience and management skills.”

Ms. Pannke came to SCHOTT from the M&A advisory firm Lincoln International AG in Frankfurt, where she held the position of Director and Head of Healthcare Sector Team for the DACH region. Prior to that, she was a Director M&A at German Merck Group covering the Healthcare, Life Sciences and Performance Materials sectors. Previously she was Vice President in Lincoln International’s Automotive & Industrials M&A practice.

Earlier she held positions of increasing responsibility in corporate finance with Banco Bilbao Vizcaya Argentaria SA, JP Morgan Cazenove Ltd., and B.Metzler GmbH, all in Germany. She started her career at Deloitte & Touche’s Transaction Services practice as an Analyst in the private equity coverage group.

Ms. Pannke studied in Dortmund, Victoria and Madrid, graduating with a degree in International Management with Highest Honors.

Dr.  Schulte continued, “As previously reported, we are looking to expand our acquisition pipeline with companies that would add value to the diverse SCHOTT portfolio which reaches from astronomy applications to glass-ceramic surfaces in the kitchen to medical devices. With that in mind, we are particularly interested in companies which offer complementary glass types, composites and other related services, with sales up to €150 million.”

About SCHOTT
SCHOTT is a leading international technology group in the areas of specialty glass and glass-ceramics. The company has more than 130 years of outstanding development, materials and technology expertise and offers a broad portfolio of high-quality products and intelligent solutions. SCHOTT is an innovative enabler for many industries, including the home appliance, pharma, electronics, optics, life sciences, automotive and aviation industries. SCHOTT strives to play an important part of everyone’s life and is committed to innovation and sustainable success. With more than 15,500 employees at production sites and sales offices in 33 countries, the group has a global presence. In the 2016/2017 fiscal year, SCHOTT generated sales of 2.05 billion euros. The parent company, SCHOTT AG, has its headquarters in Mainz (Germany) and is solely owned by the Carl Zeiss Foundation. As a foundation company, SCHOTT assumes special responsibility for its employees, society and the environment.
 
Press contact
SCHOTT AG
Salvatore Ruggiero
Vice President Marketing and Communication
Hattenbergstraße 10
55122 Mainz
Germany
Phone: +49 6131/66-4140
Further information
SCHOTT AG
Jonas Spitra
Manager Corporate Communication
Hattenbergstraße 10
55122 Mainz
Germany
Phone: +49 6131/66-3061
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