EQS-News: AMAG Austria Metall AG: CEO Mayer leaves the company at the turn of the year
EQS-News: AMAG Austria Metall AG / Key word(s): Personnel
AMAG Austria Metall AG: CEO Mayer leaves the company at the turn of the
year
25.10.2023 / 13:22 CET/CEST
The issuer is solely responsible for the content of this announcement.
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Ranshofen, October 25, 2023
AMAG Austria Metall AG: CEO Mayer leaves the company at the turn of the
year
• Departure on best terms after 16 years on the Management Board
• Supervisory Board has started the process of finding a successor
After approximately 16 years on the Management Board of AMAG Austria
Metall AG (AMAG), Gerald Mayer has expressed his wish to terminate his
Management Board contract prematurely by mutual agreement in order to
pursue new professional challenges. At today’s Supervisory Board meeting
the Supervisory Board unanimously approved this request. Gerald Mayer has
been Chief Financial Officer of AMAG since 2007 and was additionally
appointed Chief Executive Officer as of March 1, 2019. During his time on
the Management Board, important strategic decisions were made and, among
other things, AMAG was successfully listed on the Vienna Stock Exchange.
Herbert Ortner, Chairman of the Supervisory Board of AMAG Austria Metall
AG, comments: „Gerald Mayer has played a major role in shaping the
positive development of AMAG. In addition to important strategic
milestones, the effects of geopolitical crises as well as the
COVID-19-pandemic were recently managed in an exemplary manner. We regret
the step, but at the same time show understanding for it and wish him all
the best for the further course of his life. The process to find a
successor has immediately been initiated.”
The clear objective of the Supervisory Board is to ensure an orderly
handover to the new CEO and thus to continue AMAG’s profitable growth
course.
Gerald Mayer, CEO of AMAG Austria Metall AG, comments: „I am grateful that
I have been able to contribute to the development of AMAG in 16 years on
the Management Board together with an outstanding team. AMAG was able to
more than double its revenue during this time and is undoubtedly
recognised worldwide as a producer of high quality specialty products with
a proven recycling strength. I am convinced of the positive future of
AMAG, but for me the time has come for a professional change. I would like
to thank the Supervisory Board, my colleagues on the Management Board and
the entire AMAG-team for the trust they have placed in me and their
understanding for this step.“
With Helmut Kaufmann, Chief Operating Officer of AMAG and Victor
Breguncci, Chief Sales Officer of AMAG, two experienced experts continue
on the Management Board of AMAG. Helmut Kaufmann’s Management Board
contract was prematurely extended in the previous year until April 30,
2026. Helmut Kaufmann – as well as Gerald Mayer – has already been on the
Management Board of AMAG since 2007. Victor Breguncci has been a member of
the Management Board since 2019. His contract was already extended early
in 2021, until May 31, 2026. The stability of the Management Board team is
thus ensured.
About the AMAG Group
AMAG is a leading Austrian premium supplier of high-quality aluminium cast
and flat rolled products for highly varied industries such as the
aircraft, automotive, sports equipment, lighting, mechanical engineering,
construction and packaging industries. The Canadian smelter Alouette, in
which AMAG holds a 20 % interest, produces high-quality primary aluminium,
while maintaining an exemplary net ecological impact. At AMAG components,
based in Übersee am Chiemsee (Germany), ready-to-install metal parts are
also manufactured for the aircraft industry.
Investor contact Press contact
Christoph M. Gabrielc Leopold Pöcksteiner
Head of Investor Relations Head of Corporate Communications
AMAG Austria Metall AG AMAG Austria Metall AG
Lamprechtshausener Straße 61 Lamprechtshausener Straße 61
5282 Ranshofen, Austria 5282 Ranshofen, Austria
Tel.: +43 (0) 7722-801-3821 Tel.: +43 (0) 7722-801-2205
Email: investorrelations@amag.at Email: publicrelations@amag.at
Website: www.amag-al4u.com
Note
The forecasts, budgets and forward-looking assessments and statements
contained in this publication were compiled on the basis of all
information available to AMAG as of the present time. In the event that
the assumptions underlying these forecasts prove to be incorrect, targets
be missed, or risks materialise, actual results may diverge from those
currently anticipated. We are not obligated to revise these forecasts in
the light of new information or future events.
This publication was prepared and the data contained in it verified with
the greatest possible care. Nevertheless, misprints and rounding and
transmission errors cannot be ruled out entirely. In particular, AMAG and
its representatives do not assume any responsibility for the completeness
and correctness of information included in this publication. This
publication is also available in German. In cases of doubt, the
German-language version takes precedence.
This publication does not comprise either a recommendation or a
solicitation to either purchase or sell securities of AMAG.
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25.10.2023 CET/CEST This Corporate News was distributed by EQS Group AG.
www.eqs.com
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Language: English
Company: AMAG Austria Metall AG
Lamprechtshausener Straße 61
5282 Ranshofen
Austria
Phone: +43 7722 801 0
Fax: +43 7722 809 498
E-mail: investorrelations@amag.at
Internet: www.amag-al4u.com
ISIN: AT00000AMAG3
WKN: A1JFYU
Listed: Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt,
Munich, Stuttgart; Vienna Stock Exchange (Official Market)
EQS News ID: 1757289
End of News EQS News Service
1757289 25.10.2023 CET/CEST
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