Aurubis appoints new CEO in management reshuffle
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jun 20 2024
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Should l Buy ?
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.
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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.
