AMAG Austria Metall AG: Supervisory Board appoints Gerald Mayer as the new CEO from March 1, 2019

At its meeting today, the Supervisory Board of AMAG Austria Metall AG has passed a resolution to implement an early extension of the Management Board contracts of Mr. Gerald Mayer (47) and Dr. Helmut Kaufmann (55) until December 31, 2022, and to appoint Gerald Mayer to be the new Management Board Chairman (CEO) of AMAG Austria Metall AG from March 1, 2019 until December 31, 2022. Gerald Mayer, who has already been the company's CFO since 2007, succeeds Mr. Helmut Wieser (65), and will perform this role in addition to his position as CEO until a new CFO is appointed.

Helmut Wieser has decided as part of succession planning to relinquish his Management Board mandate as of the end of February 2019, and will continue to be available to AMAG in a consultative role until the end of his period of office in order to ensure a smooth transition. Supervisory Board Chairman Dr. Josef Krenner notes in this context: "Given that Helmut Wieser's mandate expires in 2019, we started an international headhunting process in the autumn, which we have now been able to conclude more rapidly than we expected. As part of our soundings, it soon emerged that within the AMAG Management Board we already have the best candidate for the new CEO appointment. The extension of both contracts ensures Management Board continuity and a smooth transition to our new CEO."

Mag. Gerald Mayer; Dipl.-Ing. Helmut Wieser; Priv.-Doz. Dipl.-Ing. Dr. Helmut Kaufmann
Picture (from left to right) Mag. Gerald Mayer, Dipl.-Ing. Helmut Wieser and Priv.-Doz. Dipl.-Ing. Dr. Helmut Kaufmann

Gerald Mayer has performed various functions within AMAG in the past, including representing the company on the Owners' Committee of the interest AMAG holds in Alouette. Before being appointed as CFO of AMAG eleven years ago, Mayer was at Siemens VAI and at VA Technology AG, and also worked as a tax consultant. He studied business management at the Johannes Kepler University Linz and is a certified public accountant in both Austria and the USA.

Mr. Mayer is assuming the CEO role from Mr. Helmut Wieser (65), who has performed this function since 2014. Dr. Krenner comments: "We would like to thank our departing CEO Helmut Wieser for his extraordinarily successful work at AMAG. He has played a key role in the successful implementation of important large-scale projects such as the construction of our new cold rolling mill in Ranshofen. These developments and the related growth will continue to leave a positive mark on AMAG for many years to come."

Moreover, the Supervisory Board has decided to immediately initiate a headhunting process to appoint a Management Board member with responsibility for sales and marketing, in order to support the company's strategic growth path as best as possible.

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About the AMAG Group

AMAG is a leading Austrian premium supplier of high-quality aluminium cast and flat rolled products for highly varied industries such as the aircraft, automotive, sports equipment, lighting, mechanical engineering, construction and packaging industries. The Canadian smelter Alouette, in which AMAG holds a 20 % interest, produces high-quality primary aluminium, while safeguarding an exemplary net ecological impact.

Investor contact               
Dipl.-Kfm. Felix Demmelhuber                 
Head of Investor Relations           
AMAG Austria Metall AG           
Lamprechtshausenerstrasse 61           
5282 Ranshofen, Austria            
Tel.:  +43 (0) 7722-801-2203            
Email: investorrelations@amag.at       

 

Press contact

Dipl.-Ing. Leopold Pöcksteiner 

Head of Strategy, Communication, Marketing

AMAG Austria Metall AG

Lamprechtshausenerstrasse 61

5282 Ranshofen, Austria

Tel.:  +43 (0) 7722-801-2205

Email: publicrelations@amag.at


Website: www.amag.at


Note
The forecasts, budgets and forward-looking assessments and statement contained in this publication were compiled based on all information available to AMAG as of the present time. In the event that the assumptions underlying these forecasts prove to be incorrect, targets be missed, or risks materialise, actual results may depart from those currently anticipated. We are not obligated to revise these forecasts in the light of new information or future events.
This publication was prepared and the data contained in it verified with the greatest possible care. Nevertheless, misprints and rounding and transmission errors cannot be entirely ruled out. In particular, AMAG and its representatives do not assume any responsibility for the completeness and correctness of information included in this publication. This publication is also available in German. In cases of doubt, the German-language version is authoritative.
This publication does not comprise either a recommendation or a solicitation to either purchase or sell securities of AMAG.

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