AMAG Austria Metall AG: Premature departure of the CEO of AMAG Austria Metall AG
October 25, 2023 at 07:10 am EDT
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EQS-Ad-hoc: AMAG Austria Metall AG / Key word(s): Personnel
AMAG Austria Metall AG: Premature departure of the CEO of AMAG Austria Metall AG
25-Oct-2023 / 13:08 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by EQS News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
Ranshofen, October 25, 2023
AMAG Austria Metall AG: Premature departure of the CEO of AMAG Austria Metall AG
The Chairman of the Management Board of AMAG Austria Metall AG, Gerald Mayer, is resigning from his position as CEO of AMAG Austria Metall AG with effect from the end of December 31, 2023, in order to pursue a new professional challenge. The Supervisory Board of AMAG Austria Metall AG notes this personal decision with great regret and has approved the mutually agreed termination of the contract at the end of 2023. The Supervisory Board will decide on the future appointment to the Management Board of AMAG Austria Metall AG in the coming months."
Notifying person: Christoph M. Gabriel, Head of Issuer Compliance of AMAG Austria Metall AG, on behalf of Herbert Ortner, Chairman of the Supervisory Board of AMAG Austria Metall AG
Investor relations contact
Christoph M. Gabriel
Head of Investor Relations and Issuer Compliance
AMAG Austria Metall AG
Lamprechtshausener Strasse 61
5282 Ranshofen, Austria
Tel.: +43 (0) 7722-801-3821
Email: investorrelations@amag.at
Website: www.amag-al4u.com
End of Inside Information
25-Oct-2023 CET/CEST News transmitted by EQS Group AG. www.eqs.com
AMAG Austria Metall AG is an Austria-based holding group company. It manages its business through four operating divisions Metal, Casting, Rolling and Service. The Metal Division includes the 20 % interest held in the Alouette smelter, and is responsible within the AMAG Group for the production of primary aluminium, the control of metal flows, the hedging of AMAGâs operating companies against aluminium price risk and the marketing of primary aluminium. Casting Division recycles aluminium scrap in order to produce high-quality casthouse alloys. Its product portfolio covers aluminium materials tailored to customer requirements in the form of ingots, sows and liquid aluminium. Rolling Division is responsible for the production and sale of rolled products (sheets, coils and plates), as well as precision and rolled plates. The rolling mill specialises in premium products for selected markets. Service Divisionâs portfolio includes facility management (building and area management).