voestalpine Supervisory Board wants to be re-elected as a whole

The Linz-based steel and technology group announced this on Tuesday. Martin Hetzer is running as the new candidate. The molecular biologist is president of the Institute of Science and Technology Austria (ISTA) in Klosterneuburg. Hetzer is to take over the position on the supervisory board from former supervisory board chairman Joachim Lemppenau, which became vacant after his death in 2022 and has not yet been filled.

The chairman of the supervisory board is the former CEO Wolfgang Eder. Other members of the board are RLB-OÖ CEO Heinrich Schaller, Oberbank CEO Franz Gasselsberger, former VIG CEO Elisabeth Stadler, lawyer Florian Khol, former deputy director of the Vienna Chamber of Labor Maria Kubitschek and Ingrid Jörg, President of Aerospace and Transportation at Constellium Switzerland.

If elected, Eder would be available for a further three years, i.e. until 2027. All other mandates are for a term of five years, i.e. until the Annual General Meeting in 2029, the press release states.

At this year’s voestalpine Annual General Meeting, an intensive discussion is expected about a recently revealed balance sheet falsification at a German Voest subsidiary. This became known shortly after the balance sheet was presented last week, but the incidents were only mentioned far back in the annual report. The subsidiary’s balance sheet was apparently falsified for years, with a total of around 100 million euros at stake.

The Investors’ Association (IVA) then criticized the company’s communication on the incident. This “casts doubt on the willingness to be transparent,” said Florian Beckermann, chairman of the Investors’ Association (IVA). This has made shareholders “rightly very skeptical.”