HAMBURG (dpa-AFX) - A decision on the dismissal of three of the four Executive Board members of Hamburg-based copper producer Aurubis will be made on Tuesday. As the company announced on Monday evening, representatives of the Supervisory Board are currently in "advanced talks with three Executive Board members" about the premature termination of their Executive Board activities. In addition to Chief Executive Officer Roland Harings, Chief Financial Officer Rainer Verhoeven and Chief Production Officer Heiko Arnold would also lose their positions. A final decision was announced for Tuesday.

With these personnel changes, the Supervisory Board would be drawing the consequences of the millions in losses incurred by Aurubis following several cases of fraud and theft. The Supervisory Board had commissioned a law firm to investigate the responsibility of the Executive Board in connection with the crimes.

Aurubis was the victim of criminals in several cases. At the end of the day, the company reported a metal shortfall of 169 million euros in December when presenting its annual results for 2022/23 (September 30)./kf/DP/jha