Aurubis appoints new CEO in management reshuffle
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jun 20 2024
0mins
Source: reuters
- Aurubis Appoints New CEO: Germany's Aurubis announced the appointment of Toralf Haag as its new chief executive, effective from September 1.
- Management Reshuffle: The copper producer terminated the contracts of its previous chief executive and chief financial officers in January due to their handling of an alleged theft and fraud incident.
- New COO for Custom Smelting: Tim Kurth, a managing director of the Bulgarian branch, will become the Chief Operations Officer for custom smelting at Aurubis.
- Share Price Movement: Aurubis shares rose by 4.67% following the announcement, with earlier trading showing a 7.2% increase before the news.
- Salzgitter's Interest: A report suggested that major shareholder Salzgitter had explored acquiring more shares in Aurubis but later stated it currently has no interest in taking over the company.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
