Ottobock, Duderstadt, Germany, confirmed Philip Schulte-Noelle as its permanent CEO, saying he was the right person to lead the family-owned company to a potential stock market listing, according to Reuters. Schulte-Noelle joined the company as CFO in August 2018 and took over as interim CEO in November 2018 after Oliver Scheel was dismissed.
“We have found the right manager at the right time for this leadership role,” said Hans Georg Näder, chairman and owner of Ottobock. “Finally yet importantly, he brings with him the necessary tact that we need—transitioning to a digital company operating with the underlying conditions of the capital market,” he said.