Pannke Joins SCHOTT as Head of Mergers and Acquisitions
Pannke takes over responsibility of all of SCHOTT’s global M&A efforts, advising on the implementation of the company’s corporate acquisition strategy and managing the commercial, financial, and legal advisors during the entire process.
SCHOTT AG recently announced that it has appointed Ada Pannke head of Mergers and Acquisitions. Pannke takes over responsibility of all of SCHOTT’s global M&A efforts, advising on the implementation of the company’s corporate acquisition strategy and managing the commercial, financial, and legal advisors during the entire process. She reports to Jens Schulte, Ph.D., SCHOTT’s chief financial officer and member of the management board.
“We are pleased to have Ada join our team at SCHOTT,” said Schulte. “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.”
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 the Healthcare Sector Team for the DACH region. Prior to that, she was a director of M&A at German Merck Group, covering the healthcare, life sciences and performance materials sectors.
“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,” said Schulte. “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 [approximately $172.5 million].”
For more information, visit www.schott.com.