HAMBURG, 12-Jun-2017 — /EuropaWire/ — It is with great regret that the Aurubis AG Supervisory Board has terminated CFO Erwin Faust’s contract as of June 30, 2017 for health reasons.
“The Supervisory Board deeply regrets Mr. Faust’s departure. He has done excel-lent work, in particular in leading and developing the financial division. We fully understand that Mr. Faust wishes to continue to concentrate entirely on his convalescence”, said Professor Jörg Fuhrmann, Chairman of the Aurubis Supervisory Board. “We would like to thank Mr. Faust for his dedicated efforts, and we wish him a full recovery and all the very best for the future,” said Professor Fuhrmann.
Erwin Faust became CFO of Aurubis AG in October 1, 2008. From November 2015 to June 2016 he was also the acting board spokesperson. Erwin Faust was originally appointed until September 30, 2018.
The company intends to appoint a new CFO by the end of the 2017 calendar year. Board Chairman Jürgen Schachler and Board Member Dr. Stefan Boel took over Erwin Faust’s functions when he fell ill in September 2016.
Aurubis – Passion for metallurgy. Metals for progress. Together with you.
Aurubis AG is the world’s leading provider of non-ferrous metals. The company processes complex metal concentrates, copper scrap and metal-bearing recycling materials into metals of the highest quality. Among other items, Aurubis produces more than 1 million t of copper cathodes per year, and from them diverse copper products, such as wire rod and shapes, rolled products, strip, and specialty wire and profiles made of copper and copper alloys. In addition, Aurubis is the world’s largest copper recycler.
With its wide range of services, Aurubis is a forerunner in the industry. Its main area of expertise is the processing and optimal utilization of concentrates with complex qualities. Consequently, it has a broad product portfolio. The portfolio includes precious metals, selenium, lead and a series of other products such as sulfuric acid and iron silicate.
Aurubis has more than 6,400 employees, production sites in Europe and the USA and an extensive service and sales system for copper products in Europe, Asia and North America.
Customers of Aurubis include companies in the semis industry, the electrical engineering, electronics and chemical industries, as well as suppliers of the renewable energies, construction and automotive sectors.
Aurubis is oriented to growth and to increasing corporate value. The main focuses of our strategy are on expanding our leading market position as an integrated copper and metal producer, entering new markets by offering metals for industries of the future, utilizing growth opportunities and practicing a responsible attitude when dealing with people, resources and the environment.
Aurubis shares are part of the Prime Standard Segment of the Deutsche Börse and are listed in the MDAX and the Global Challenges Index (GCX).
SOURCE: Aurubis AG
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