Mario Grotz, Luxinnovation; Credit: © Ministère de l’Économie

On Wednesday 28 March 2018, Luxinnovation, Luxembourg's national agency for the promotion of innovation and research, held its annual general meeting which saw Mario Grotz succeed Raymond Schadeck as Chairman of the Management Board.

At the end of his term, Raymond Schadeck informed the board that he did not wish to run again as Chairman. Since his arrival in 2012, he has helped set up a new and effective organisational structure, together with Jean-Paul Schuler, who was appointed CEO in September 2013 and who also has decided to leave his position as CEO from 1 April 2018.

Jean-Paul Schuler has decided to take up new personal challenges. He stated "By taking over the missions of Luxembourg for Business, we also support, with our business developers and our market intelligence service, all the efforts of prospecting and international promotion deployed by the Ministry of the Economy. The increase in its missions has led to a doubling of the workforce for Luxinnovation, from 35 to 70 people. This led to an internal reorganisation that allowed Luxinnovation to be ever more modern, efficient and closer to companies". 

Raymond Schadeck chaired Luxinnovation for six years. He had succeeded Marco Walentiny (Ministry of Economy). "I thank the entire Luxinnovation team for their unfailing support and my best wishes for success to the new management team. I am proud that the agency has moved in such a positive direction during my tenure as Chairman of the Board and I am convinced that this provides a solid basis for further boosting innovation in Luxembourg in the years to come" he stated.

"I greatly appreciated the work done by Raymond Schadeck and Jean-Paul Schuler to transform the agency and successfully develop new services for businesses," said Luxembourg's Deputy Prime Minister and Minister of the Economy, Étienne Schneider. "To this have been added new missions in the field of prospecting and international promotion of Luxembourg. With additional financial and human resources, Luxinnovation and its new management team can confidently tackle the challenges ahead."
 
The Presidency of the Management Board of Luxinnovation has been entrusted to Mario Grotz, First Government Counselor at the Ministry of the Economy. Head of the Research, Intellectual Property and New Technologies Department of the Ministry of the Economy since 2012, Mario Grotz sits on the Board of Directors of several entities, including Creos Luxembourg SA, of which he is Chairman.
 
The successor of Jean-Paul Schuler will be appointed in the coming weeks.