Peter Grossmann, who is now 61 years old, will retire as CEO of Carl Zeiss at the end of this year, one year ahead of plan, after conducting a major reorganization of the company since 1995 in order to eliminate its losses. Meanwhile, Heinz Dürr, commissioner of the Zeiss Foundation, has told its employees that its statute will have to be changed soon, in particular for fiscal reasons and to better deal with foreign clients. A bit like the Bosch foundation, the Zeiss foundation will probably become a sort of holding company with two operating subsidiaries with limited liability, Zeiss AG and Schott AG. There are no plans to bring in outside investors. A stockmarket listing of one or both operating subsidiaries may be envisaged at a later stage.