In its meeting today the Supervisory Board of voestalpine AG decided on the future leadership of the Steel Division: on July 3, 2019, Hubert Zajicek will succeed Herbert Eibensteiner as Head of the largest Group division in terms of revenue; in turn, Herbert Eibensteiner will take over from Wolfgang Eder as CEO of voestalpine AG on that date. As a result, Zajicek, from Upper Austria, the Steel Division’s Management Board member responsible for Technology since 2014, will also become one of the six members of the Management Board of voestalpine AG. Zajicek’s appointment runs from July 3, 2019 to March 31, 2024. Based in Linz and specialized in the manufacture of premium steel grades and high-tech products, the Steel Division generated revenue of EUR 4.8 billion in the past business year, with a workforce of around 11,000 employees.
This coming season marks the start of Austrian technology group voestalpine’s partnership with the ABB FIA Formula E Championship, the emerging and already highly successful fully-electric street racing series. voestalpine will lend its name to the races that will take place in Europe, which will form part of the “voestalpine European Races”.
For years the voestalpine employee shareholding scheme has been regarded as exemplary model throughout Europe. Developed in 2000, the scheme allows employees to participate directly in the success of the company via a foundation, at the same time safeguarding the Group’s stable ownership structure. The voestalpine AG Management Board resolved today to increase the company’s registered capital by around 1.25% in order to further expand the employee shareholding scheme. Immediately upon completion of the capital increase, the share of voestalpine Mitarbeiterbeteiligung Privatstiftung will increase to a total of 14.85%.