Press Release

Erwin Faust, CFO of Aurubis AG, leaves the company early

Hamburg, Friday, June 9, 2017

It is with great regret that the Aurubis AG Supervisory Board has terminated CFO Erwin Faust’s contract as of June 30, 2017 for health reasons.

“The Supervisory Board deeply regrets Mr. Faust’s departure. He has done excellent work, in particular in leading and developing the financial division. We fully understand that Mr. Faust wishes to continue to concentrate entirely on his convalescence”, said Professor Jörg Fuhrmann, Chairman of the Aurubis Supervisory Board. “We would like to thank Mr. Faust for his dedicated efforts, and we wish him a full recovery and all the very best for the future,” said Professor Fuhrmann.

Erwin Faust became CFO of Aurubis AG in October 1, 2008. From November 2015 to June 2016 he was also the acting board spokesperson. Erwin Faust was originally appointed until September 30, 2018.

The company intends to appoint a new CFO by the end of the 2017 calendar year. Board Chairman Jürgen Schachler and Board Member Dr. Stefan Boel took over Erwin Faust’s functions when he fell ill in September 2016.

 

Aurubis - Metals for Progress

Aurubis AG is a leading global provider of non-ferrous metals and the largest copper recycler worldwide. The company processes complex metal concentrates, scrap metals, and metal-bearing recycling materials into metals of the highest quality. Aurubis produces more than 1 million tons of copper cathodes annually, and from them a variety of products such as wire rod, continuous cast shapes, profiles, and flat rolled products made of copper and copper alloys. Aurubis produces a number of other metals as well, including precious metals, selenium, lead, nickel, tin, and zinc. The portfolio also includes additional products such as sulfuric acid and iron silicate.

Sustainability is a fundamental part of the Aurubis strategy. “Aurubis responsibly transforms raw materials into value” – following this maxim, the company integrates sustainable conduct and business activities into the corporate culture. This involves a careful approach to natural resources, responsible social and ecological conduct in everyday business, and sensible, healthy growth.

Aurubis has about 7,400 employees, production sites in Europe and the US, and an extensive service and distribution system in Europe, Asia, and North America.

Aurubis shares are part of the Prime Standard Segment of the German Stock Exchange and are listed in the MDAX and the Global Challenges Index (GCX).

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