has surprisingly dismissed its CEO following a failed investment project. The metalworker announced that the supervisory board unanimously decided to release Jürgen Schachler with immediate effect.
The investment project "Future Complex Metallurgy" (FCM) was also stopped. The current economic environment will also burden the result of the third quarter of 2018/19 and the full-year result, warned Aurubis. Now internal growth options would become "with the goal of a future integrated metallurgical network".
Earlier, the MDax Group had announced that Schachler would be handed over to Roland Harings at the end of June. Schachler completes his 65th birthday in the summer.
The stock was inconspicuous after a brief ups and downs and finished the day with a loss of 0.9 percent.