Aurubis names Haag new CEO, part of executive shakeup after metal theft [Seeking Alpha]
AURUBIS AG UNSP/ADR (AIAGY)
NASDAQ:AMEX Investor Relations:
aurubis.com/en/investor-relations/overview
Company Research
Source: Seeking Alpha
The company named Toralf Haag, currently heading German manufacturing company Voith Group, to replace Roland Harings as its new CEO and Tim Kurth to succeed Heiko Arnold as chief operations officer for custom smelting, effective September 1, while Steffen Alexander Hoffmann become CFO in place of Rainer Verhoeven on October 1. Aurubis ( OTCPK:AIAGF OTCPK:AIAGY ) parted ways with Harings, Arnold and Verhoeven earlier this year, saying the three were taking accountability following what it called serious cases of fraud and theft at the Hamburg plant as well as incidents in occupational safety. The company said last year it had identified discrepancies in its inventories and shipments of metal, concluding it was the target of theft; in its fiscal year ended September 30, the company disclosed a loss of €185M attributed to criminal activities. Recommended For You More Trending News Recommended For You More Trending News About AIAGF Stock Related Stocks Trending Analysis
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