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German copper producer Aurubis forces out executives after problems

Fraud and theft losses in the hundreds of millions of euros at Hamburg-based copper producer Aurubis have led the company to force out chief executive Roland Harings and two other members of the company's four-person executive board. The ousters were announced on Tuesday following a meeting of the Aurubis supervisory board. The executives needed to take responsibility for "the particular challenges Aurubis faced in the past fiscal year," according to a statement on Tuesday. The su...
Inge Hofkens Heiko Arnold Rainer Verhoeven Roland Harings Aurubis Ag Roland Harings
Source: yahoo.com

Aurubis Moves to Terminate CEO's Contract After Copper Scam

(Bloomberg) -- Aurubis AG is preparing to terminate the contract of its chief executive and two other executive board members, as the copper producer seeks to move on from a giant raw-material scam.Most Read from BloombergFlorida Governor DeSantis Drops Out of 2024 Race, Endorses TrumpHong Kong Stocks at 36% Discount Show True Depth of China GloomMorgan Stanley, JPMorgan Say Buy the Dip After Treasury RoutGloom Over China Assets Is Spreading Beyond Battered StocksSony Sends Termination Letter to
Bloomberg Businessweek Rainer Verhoeven Juergen Schachler Heiko Arnold Markus Kramer Chief Executive Officer Roland Harings
Source: yahoo.com

German copper producer Aurubis executives face firings after fraud

Following losses in the the three-digit millions caused by fraud at the Hamburg-based copper producer Aurubis, three out of four executive board members are facing personal consequences, including chief executive Roland Harings. Representatives of the supervisory board are currently holding "advanced talks with three executive board members about the termination of their executive board activities," Aurubis announced on Monday evening in a statement. "The investigations will show ...
Rainer Verhoeven Heiko Arnold Roland Harings Aurubis Ag Supervisory Board Board Activities
Source: yahoo.com

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Copper Giant Aurubis Warns of Losses After Huge Metal Theft

(Bloomberg) -- Europe’s top copper producer Aurubis AG warned it may face losses in the hundreds of millions of euros after being hit by a massive scam involving shipments of scrap metal that it uses in its recycling business.Most Read from BloombergHong Kong Shuts Down City Before Super Typhoon Saola HitsFake Spare Parts Were Supplied to Fix Top-Selling Jet EnginePutin Moves to Seize Control of Wagner’s Mercenary EmpireEurope's Biggest Oil Company Quietly Shelves a Radical Pl...
City Of United Kingdom Bloomberg Europe Jan Patrick Barnert Bloomberg Businessweek Trafigura Group
Source: yahoo.com

Investegate |Aurubis AG Announcements | Aurubis AG: Release according to Article 40, Section 1 of the WpHG [the German Securities Trading Act] with the objective of Europe-wide distribution

Investegate announcements from Aurubis AG, Release according to Article 40, Section 1 of the WpHG [the German Securities Trading Act] with the objective of Europe-wide distribution
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