Aurubis AG company management will be restructured with new appointments in 2024. The supervisory board has agreed with chief executive officer Roland Harings, chief financial officer Rainer Verhoeven, and chief operating officer custom smelting & products Dr. Heiko Arnold to prematurely terminate their current executive board contracts. The three executive board members are thus taking accountability for the unique challenges Aurubis faced in the past fiscal year, in particular in light of the serious cases of fraud and theft at the Hamburg plant and incidents in occupational safety.
Arnold will ended his tenure on the executive board on February 29, 2024. Rainer Verhoeven will leave the company on June 30, 2024, and Roland Harings on September 30, 2024. This phased exit will ensure continuity in the realization of the company’s strategic growth initiatives. Based on a comprehensive legal opinion from the Hengeler Mueller law firm on the responsibility of the three executive board members, the supervisory board has also decided not to pursue compensation for damages against the three executive board members at this time.
Inge Hofkens, who joined the Aurubis executive board in January 2023 and heads the recycling division, including all activities in the U.S., will continue in her role on the executive board and assume overall responsibility for the commercial division.
Effective March 1, 2024, Prof. Dr. Markus Kramer was dispatched from the supervisory board to round out the new executive board team, assuming Dr. Heiko Arnold’s key responsibilities until September 30, 2024. Kramer will also serve as chief transformation officer, be responsible for human resources, and assume the role of director of industrial relations. He will advance the measures already introduced to strengthen plant and company security and occupational safety, as well as the ongoing development of a corresponding security and safety culture at Aurubis.
The supervisory board has begun the process for timely new appointments to the executive board with the assistance of recruitment consultants. The three executive board members will step down gradually to ensure good corporate governance and the systematic handover of their divisions to a successor.
With Kramer, the supervisory board is deploying a manager with many years of international experience in the processing industry. While based in Hong Kong, he served as president of the dispersion & pigments division for global chemical industry leader BASF.
