2023-10-25 11:45:00
The company announced on Wednesday that Mayer had expressed his wish to terminate his management contract by mutual agreement early in order to pursue new professional challenges. The Supervisory Board unanimously approved the request at its meeting today.
Gerald Mayer has been Amag’s CFO since 2007 and was also appointed CEO on March 1, 2019. During his time on the board, important strategic decisions were made and Amag was successfully listed on the Vienna Stock Exchange, among other things. “I am convinced of the positive future of AMAG, but the time has come for me to make a career change,” said Mayer on Wednesday.
“We regret the step, but at the same time we understand it. The process to find a successor was initiated immediately,” said Herbert Ortner, Chairman of the AMAG Supervisory Board. The clear goal of the Supervisory Board is now to ensure an orderly handover to the new CEO.
With Helmut Kaufmann, Chief Technology Officer at AMAG and Victor Breguncci, Chief Sales Officer at Amag, two experienced experts are still represented on the AMAG Board of Directors. Helmut Kaufmann’s management contract was extended early last year until April 30, 2026. Helmut Kaufmann – like Gerald Mayer – has been on the board since 2007. Victor Breguncci has been a member of the executive team since 2019. His contract was extended early in 2021 until May 31, 2026. This ensures stability in the management team.
Also read: Amag with significantly less profit following three quarters
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