Germany’s Aurubis has appointed Toralf Haag as its new CEO, starting September 1. Additionally, Tim Kurth, currently Managing Director of the company’s Bulgarian branch, will become the Chief Operations Officer for custom smelting, according to a statement released on Thursday.
As of 1444 GMT, Aurubis shares had risen by 4.67%, continuing an upward trend that began earlier in the day, with a 7.2% increase noted by 1226 GMT. Earlier this year, Aurubis announced it would terminate the contracts of its previous CEO and CFO following a high-level shakeup related to their handling of a suspected theft and fraud incident.
A local analyst attributed the earlier rise in share prices to a report by German business publication Manager Magazin, which revealed that major shareholder Salzgitter had previously explored the possibility of acquiring additional shares in Aurubis, even engaging two investment banks to evaluate the project. Despite this, Salzgitter stated it currently has no plans to pursue a takeover of Aurubis.
Have you read?
World’s Best Countries For Retirement.
World’s Best Countries For Women.
World’s Best Countries To Visit In Your Lifetime.
US States With the Largest Gender Pay Gaps.
CEOs who have secured the most funding during their tenure in companies in each US state.
Add CEOWORLD magazine to your Google News feed.
Follow CEOWORLD magazine headlines on: Google News, LinkedIn, Twitter, and Facebook.
Copyright 2024 The CEOWORLD magazine. All rights reserved. This material (and any extract from it) must not be copied, redistributed or placed on any website, without CEOWORLD magazine' prior written consent. For media queries, please contact: info@ceoworld.biz
