By successfully focusing on advanced technologies and international markets, while simultaneously concentrating on consistent cost management and supported by strong economic momentum, the voestalpine Group achieved record-breaking figures for both revenue and earnings in the business year 2017/18 (April 1, 2017, to March 31, 2018).
At today’s Supervisory Board meeting of voestalpine AG, decisions were made as to the succession at the top of the technology and capital goods group: Chairman of the Management Board, Dr. Wolfgang Eder, will renew his contract, which runs until March 31, 2019, until July 3, 2019 (date of the Annual General Meeting of voestalpine AG) and subsequently step down from the Management Board. The Supervisory Board will recommend to the Annual General Meeting 2019 that it elect Eder to the Supervisory Board as the new shareholder representative. If elected, he could take over the chairmanship of the Supervisory Board from the long-reigning chairman, Dr. Joachim Lemppenau, after a two-year “cooling off period.”
Herbert Eibensteiner, Dipl.-Ing., is to become new chairman of the Management Board on July 3, 2019. Eibensteiner has served on the Management Board of voestalpine AG since 2012 and possesses broad experience in international corporate and Group management, not least as the head of two of the Group’s divisions. The contracts of the remaining Management Board team were renewed by another five years (April 1, 2019, through March 31, 2024).
Prior to the expiry of the temporary exemption, the US administration yesterday announced its final decision regarding steel imports from EU countries pursuant to Section 232. The punitive tariffs of 25 percent on steel products and 10 percent on aluminum products from European countries that were announced at the beginning of March come into force immediately.