MMD announces key leadership change in European operations
Amsterdam, 25 September 2024 –MMD, leading display specialist, today announced a significant leadership transition in its European operations. MMD, the brand license partner for Philips Monitors, a premier brand in the display market, is part of TPV Technology Limited, one of the world’s leading monitor manufacturers.
Thomas Schade, who has served as Vice President Europe at MMD B.V. since 2009, will be stepping down from his role. He has been instrumental in establishing and expanding the presence of Philips Monitors across Europe. Under his leadership, MMD has achieved significant market growth and brand recognition with a leading position in Europe.
As of 1 September 2024, Stefan Sommer, currently Director Marketing & Business Management EU at TPV, will succeed Thomas Schade as Vice President Europe, taking over the leadership of the Monitors Business Unit in Europe.
Thomas Schade will continue to work in the organisation during the transition period until the end of the year to coordinate – together with Stefan Sommer – the transfer of responsibilities.
Stefan Sommer, who has been with MMD since 2011, brings extensive experience and a proven track record in the display industry to his new role.
Reflecting on the transition, Thomas Schade stated, “It’s been an honour to contribute to MMD’s growth over the past decade and a half. I’m confident that the team will continue to achieve great results under Stefan’s leadership.”
Stefan Sommer expressed his gratitude, saying, “On behalf of the entire organisation, I want to extend our deepest thanks to Thomas for his outstanding leadership and the tremendous success he has brought to our European operations. His contributions have been invaluable, and we are grateful for his dedication.”
Sommer continued, “As I take on the role of VP Europe, I’m committed to continuing our growth path in this challenging market together with our long-term partners. We’ve consistently pushed the boundaries of display technology. In this new capacity, I look forward to driving new technologies and strong innovations, working alongside our talented team to maintain our tradition of industry leadership.”
This transition reflects the commitment of MMD, ensuring continuity in its strategic vision for the European market.