Summary: Franz Rotter, a longstanding Management Board member of voestalpine AG and Head of the High Performance Metals Division, will be retiring in 2024 and will not renew his current contract beyond March 31, 2024. Peter Schwab, a fellow Management Board member responsible for the Metal Forming Division, will also be stepping down at the end of his contract on March 31, 2024. Furthermore, CFO Robert Ottel declined reappointment for another term starting April 1, 2024. The company will initiate succession planning and consider replacements for these key roles.Article:In a significant development for voestalpine AG, a prominent player in the steel industry, several key members of the Management Board are set to exit in 2024, signaling a changing of the guard and prompting a process of succession planning.Franz Rotter, a seasoned Management Board member who has headed the High Performance Metals Division, has opted not to extend his current contract beyond March 31, 2024. After contributing to the company's growth and development over the years, Rotter will embark on his retirement, marking the culmination of a successful tenure.Similarly, Peter Schwab, another vital figure on the Management Board, has decided to step down from his role as the head of the Metal Forming Division. His contract, set to conclude on March 31, 2024, will mark the end of his term due to personal reasons. Schwab's contributions to voestalpine AG's positive trajectory have been recognized, and the company's leadership expresses gratitude for his dedication.CFO Robert Ottel, a significant presence in the company's financial leadership, conveyed his decision not to accept reappointment for another five-year term commencing on April 1, 2024. His imminent departure from the Management Board is met with regret, as he has played a pivotal role in the company's financial strategy and direction.In response to these transitions, voestalpine AG's Supervisory Board is actively engaged in identifying successors for these pivotal positions. The company's commitment to smooth leadership transitions and its ongoing strategic pursuits remain unaffected by these forthcoming departures.Conclusion: voestalpine AG's announcement of the retirement of Franz Rotter, the departure of Peter Schwab, and the decision of Robert Ottel to decline reappointment as CFO reflects the inevitability of leadership changes within dynamic corporate environments. As these key figures step aside to embark on new chapters, the company's focus on continuity, innovation, and strategic growth remains paramount.
Summary: Franz Rotter, a longstanding Management Board member of voestalpine AG and Head of the High Performance Metals Division, will be retiring in 2024 and will not renew his current contract beyond March 31, 2024. Peter Schwab, a fellow Management Board member responsible for the Metal Forming Division, will also be stepping down at the end of his contract on March 31, 2024. Furthermore, CFO Robert Ottel declined reappointment for another term starting April 1, 2024. The company will initiate succession planning and consider replacements for these key roles.Article:In a significant development for voestalpine AG, a prominent player in the steel industry, several key members of the Management Board are set to exit in 2024, signaling a changing of the guard and prompting a process of succession planning.Franz Rotter, a seasoned Management Board member who has headed the High Performance Metals Division, has opted not to extend his current contract beyond March 31, 2024. After contributing to the company's growth and development over the years, Rotter will embark on his retirement, marking the culmination of a successful tenure.Similarly, Peter Schwab, another vital figure on the Management Board, has decided to step down from his role as the head of the Metal Forming Division. His contract, set to conclude on March 31, 2024, will mark the end of his term due to personal reasons. Schwab's contributions to voestalpine AG's positive trajectory have been recognized, and the company's leadership expresses gratitude for his dedication.CFO Robert Ottel, a significant presence in the company's financial leadership, conveyed his decision not to accept reappointment for another five-year term commencing on April 1, 2024. His imminent departure from the Management Board is met with regret, as he has played a pivotal role in the company's financial strategy and direction.In response to these transitions, voestalpine AG's Supervisory Board is actively engaged in identifying successors for these pivotal positions. The company's commitment to smooth leadership transitions and its ongoing strategic pursuits remain unaffected by these forthcoming departures.Conclusion: voestalpine AG's announcement of the retirement of Franz Rotter, the departure of Peter Schwab, and the decision of Robert Ottel to decline reappointment as CFO reflects the inevitability of leadership changes within dynamic corporate environments. As these key figures step aside to embark on new chapters, the company's focus on continuity, innovation, and strategic growth remains paramount.
