In its meeting on June 13, 2018 the AMAG Austria Metall AG Supervisory Board reached a decision to renew the contract of Chief Executive Officer Helmut Wieser until December 31, 2019.
"AMAG is on a successful growth path in a dynamic market. The management team, with its proven track record, has made important changes within the company and advanced business developments. Helmut Wieser (64) has informed the Supervisory Board of his interest in remaining available to the company for an additional year (until December 31, 2019), beyond the currently termination of the contract (December 31, 2018). The Supervisory Board will decide on the succession in a timely manner," as Dr. Josef Krenner, Chairman of AMAG Austria Metall AG's Supervisory Board stated.
About AMAG Group
AMAG is a leading Austrian premium supplier of high-quality aluminium cast and flat rolled products for highly varied industries such as the aircraft, automotive, sports equipment, lighting, mechanical engineering, construction and packaging industries. The Canadian smelter Alouette, in which AMAG holds a 20% interest, produces high-quality primary aluminium while safeguarding an exemplary eco-balance. In 2017, a workforce of around 1,880 generated a turnover of 1,036 million euros with an operating result (EBITDA) of 164.5 million euros.