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: [email protected] Email: [email protected]
                                     
   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:      [email protected]
   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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