Ottobock, Duderstadt, Germany, named Philipp Schulte-Noelle to the role of CFO effective August 15, completing the management board under majority shareholder Hans Georg Näder. Schulte-Noelle will report to CEO Oliver Scheel.
“I am pleased to drive the development of Ottobock as part of the team under Dr. Oliver Scheel and the shareholders,” said Schulte-Noelle. “Getting a family company that has been helping people recover their mobility for nearly 100 years ready for an IPO is an exciting challenge.”
Scheel assumed the position of CEO in January and put together the new management team. Other members include Andreas Goppelt, CTO; Arne Jörn, COO; and Ralf Stuch, chief sales and marketing officer (CSMO). Stuch will remain the interim CFO until Schulte-Noelle comes on board. “With the new CFO, we have put together a new management team within half a year, enabling us to work on our profitability and growth targets with a full line-up in the third quarter,” said Scheel.
In view of a possible IPO, Schulte-Noelle will focus on speeding up reporting and complying with the International Financial Reporting Standards, among other things. His field of responsibility includes risk management in addition to finance.
