Aurubis to replace top managers after metal theft problems [Reuters]
AURUBIS AG UNSP/ADR (AIAGY)
NASDAQ:AMEX Investor Relations:
aurubis.com/en/investor-relations/overview
Company Research
Source: Reuters
what media reports on Monday said was their mishandling of the suspected theft , opens new tab of precious metals from the Hamburg-based company. Aurubis saw around 500 million euros wiped off its market value in September, after saying that a criminal gang had stolen major volumes of its precious metal. The supervisory board is in advanced discussions with three members of the executive board regarding the termination of their offices, a company statement said, without specifying the reasons for the move. A spokesperson declined further comment. Chief Executive Officer Roland Harings, Chief Financial Officer Rainer Verhoeven and Chief Production Officer Heiko Arnold could depart at the end of September, June and February respectively, the statement said. German media outlets including the daily Handelsblatt and the media outlet manager magazin said the metal theft issue had triggered the change. The company could also appoint Markus Kramer from supervisory board to executiv
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