Changes to the Management Board: Appointment of a new member and changes to the allocation of responsibilities

3 June 2014 |

In its meeting today, the Supervisory Board of voestalpine AG has appointed former Head of Group Research, DI Dr. Peter Schwab, to become a member of the Management Board of voestalpine AG, with effect from October 1, 2014. Consequently, from October 2014 the Management Board will consist of six, rather than five members.

DI Dr. Peter Schwab will become the Head of the Metal Forming Division. The former Head of this Division, DI Herbert Eibensteiner, will become Head of the Steel Division from October 2014. In future, Dr. Wolfgang Eder, Chairman of the Management Board, and Head of the Steel Division since 1999, will be exclusively responsible for Group activities and increasingly focus on the Group's strategic development. These changes to the Management Board and the allocation of responsibilities reflect the growth of the voestalpine Group over the past years.

Management Board of voestalpine AG (including allocation of responsibilities) from October 2014:
Dr. Wolfgang Eder Chairman of the Management Board (CEO)
Mag. DI Robert Ottel CFO
DI Herbert Eibensteiner Head of the Steel Division
DI Dr. Franz Kainersdorfer Head of the Metal Engineering Division
DI Franz Rotter Head of the Special Steel Division
DI Dr. Peter Schwab Head of the Metal Forming Division

The term of office for each Management Board member ends on March 31, 2019

The voestalpine Group

The voestalpine Group is a steel-based technology and capital goods group that operates worldwide. With 500 Group companies and locations in more than 50 countries and on all five continents, the Group has been listed on the Vienna Stock Exchange since 1995. With its top-quality products, the Group is one of the leading partners to the automotive and consumer goods industries in Europe and to the oil and gas industries worldwide. The voestalpine Group is also the world market leader in turnout technology, special rails, tool steel, and special sections. In the business year 2012/13, the voestalpine Group reported revenue of more than EUR 11.5 billion and an operating result (EBITDA) of EUR 1.45 billion. It staffs roughly 46,400 employees worldwide.