The new president of Luxinnovation will be Mario Grotz, pictured. Maison moderne/archives

The new president of Luxinnovation will be Mario Grotz, pictured. Maison moderne/archives

According to Paperjam.lu, Mario Grotz is a senior official at the economy ministry, responsible for management of the research, intellectual property and new technologies unit. He is also member of various boards of directors, representing the state, and has chaired Creos since 2012.

It was also announced that CEO Jean-Paul Schuler will quit his post on 1 April 2018.  His successor is to be appointed in the coming weeks.