Tag Archives: VARTA AG

VARTA AG Appoints Michael Ostermann as CEO

(IN BRIEF) VARTA AG’s Supervisory Board has named Michael Ostermann as Board Member and Chief Executive Officer (CEO), effective May 6, 2024. With extensive management experience in the automotive and battery industries, Ostermann is poised to lead VARTA AG, alongside … Read the full press release

VARTA AG Evaluates Restructuring Amid Economic Challenges and Cyberattack Fallout

(IN BRIEF) VARTA AG, amidst economic challenges exacerbated by a cyberattack on its IT systems, is reassessing its restructuring program agreed upon in July 2023. The current economic situation, marked by volatile customer purchase volumes, decreased demand for energy storage … Read the full press release