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Aurubis has announced that the company, presently in a phase of reorientation towards new goals and Frank Schneider the executive board member for the recycling/precious metals division and, have reached an agreement on the terms of the latter’s resignation. The MDax-listed group is cutting its business areas from three to two; Schneider’s will be incorporated into copper production and copper products.

In the course of its meeting on July 21, Bilfinger’s Supervisory Board decided that a few weeks after the debut of new CEP Per Utnegaard two executive board members would have to go. A consensual agreement is being sought with Joachim Enenkel (power division) and PieterKoolen (industrial division). The executive board will be cut from five members to three.

FUCHS Petrolub, the Mannheim-based lubricant manufacturer is setting the stage for a change in CFO. Alexander Selent, the executive board member for finance for the last 16 years and executive board vice chair is retiring at the end of the year. From 1 January, 2016, the new CFO will be Dagmar Steinert. Ms Steinert has been in charge of Investor Relations in FUCHS PETROLUB since 2013 and she will be the first lady CFO in the company’s eighty-year-long history. Furthermore, the executive board will gain one member more. With effect from 1 January 2016, Timo Reister will join the board as head of the Asia/Pacific basin and Africa. According to CEO Stefan Fuchs this area of the world is brimming over with potential that a company like Fuchs entrenched as it is in Europe and the USA cannot afford to ignore.

On July 14, the Duisburg tribunal appointed Prof. Tobias Kollmann to the Supervisory Board of Klöckner & Co, effective immediately. Prof Kollman, who lectures in E-business and E-entrepreneuship and has been full professor of company economics and computer economics at Wurzburg University for ten years, will take the place of the late Robert J. Koehler, who died on May 17 last. Kollman had been chair of the “Junge Digitale Wirtschaft”, the body who counselled the Federal Economics Minister on issues of information and communication economics.

Michael Andersen is set to become CFO of KRONES. Still CFO of Gea Heat Exchangers, Andersen will transfer directly to Krones effective January 2016. Pursuant to an agreement signed in March with his current employer, the name of the person who will replace Christoph Klenk CEO has not been released.

After 51 years of service in MAN, Jochen Schumm is taking retirement and Josef Schelchshorn, currently head of human resources in Seat has been appointed to succeed him on July 1 as head of Human Resources of MAN Truck & Bus. Schelchshorn’s career began in 1979 in Audi. His predecessor, Schumm, by contrast, began his career in 1964 in Volkswagen where he trained as an industrial management assistant. He subsequently became executive board member with responsibility for Human Resources in Seat, a VW subsidiary. He joined MAN three years ago. 

Jenoptik: musical chairs in the Supervisory Boardroom

TecDax listed laser optical equipment specialist Jenoptik AG has a new Supervisory Board chair. Subsequent to the exit of ECE, the major Austrian shareholder, and, thence its two representative board members Rudolf and Christian Humer, two new candidates were proposed whose identity, however is still under wraps. In the meantime the board elected Maithias Wierlacher to the chair, effective immediately. A Supervisory Board member for three years, Wierlacher is also CEO of Thüringer Aufbaubank, and replaces Rudolf Humer who held the post for seven years.

Zeal Network: new executive board

Zeal Network SE (formerly Tipp24) executive board chair Hans Cornehl, was not interested in extending his contract that expires at the end of 2015. Since the handover to his successor Helmut Becker is proceeding apace, the latter will take over the helm as early as September, and Cornehl will quit the SDax-listed company earlier than originally expected.

Over a period of 13 years, Cornehl has served on the executive board of the online lottery company, the latter as CEO. He piloted the former Tipp24 to listing on the stock market; Becker, his successor has been on the executive board of Zeal since 2013 as the board member for Marketing. Previously he had served as Chief Commercial Officer on the executive board of Xing AG after being appointed to a number of posts calling for leadership qualities in ebay Deutschland. His appointment to the Zeal executive board was preceded by a two-year stint in the company’s Supervisory Board.

United Power Technology: surprise exit

Oliver Juan, former CFO of the Chinese-owned United Power Technology, resigned his post and quit the company at the end of June, citing personal reasons. The Prime Standard-listed, German registered concern is officially on the market for a replacement. The company’s financial affairs are being handled in the interim by Financial Director, Zhong Jia Yang.

Heidelberger Druckmaschinen: an unexpected absence

The company will be led by CFO Dirk Kaliebe until CEO Gerold Linzbach gets over his ilness. Kaliebe will take the chair of the executive board and head human resources. Heidelberger Druck has considered the possibility that Linzburg’s recovery could take longer than originally expected. Finance Magazine is of the opinion that Linzbach could be back at work before the expiry of his contract in 2017. Kaliebe has served on the executive board since 2006.