Thoralf Haag becomes CEO of Aurubis Group

Aurubis Group appoints CEO and COO and completes executive board restructuring

Industry / Companies
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The Supervisory Board of the Aurubis Group (Aurubis AG) today appointed Dr. Thoralf Haag (58) as the new Chief Executive Officer (CEO) and Tim Kurth (56) as the new Chief Operating Officer (COO) Custom Smelting - effective from 1 September 2024. This completes the restructuring of the Group's Executive Board announced in January 2024. This was announced today by the company.

With the appointment of Dr. Toralf Haag and Tim Kurth, the Aurubis Group Executive Board, effective September 1, 2024, will initially include: Dr. Toralf Haag - Chief Executive Officer, the two Chief Operating Officers directors Inge Hofkens (Inge Hofkens) and Tim Kurth and Prof. Markus Kramer (Markus Kramer) - Chief Transformation Officer. Prof. Kramer will return to the Supervisory Board on September 30, 2024 as planned. Current CEO Roland Harings (60) will step down on 31 August 2024 and the appointment of Dr Haag will ensure a smooth transition.

Rainer Verhoeven will step down from the company as Chief Financial Officer (CFO) on June 30, 2024, as announced in January this year. Prof. Kramer will assume the responsibilities of Chief Financial Officer in addition to his role as Chief Transformation Officer for the transition period from 1 July to 30 September 2024. Steffen Alexander Hoffmann will take over as Chief Financial Officer from 1 October.

Future CEO Dr. Thoralf Haag has extensive industry experience. He graduated in business sciences from the University of Augsburg and received his doctorate from the University of Kiel. He joined Thyssen Handelsunion AG in Dusseldorf in 1994, holding various management positions in the ThyssenKrupp group from 1994-2001, including four years in the US. From 2002 to 2005, Dr. Haag was the Chief Financial Officer of Norddeutsche Affinerie AG - today Aurubis, before taking the position of Chief Financial Officer of the Swiss chemical and pharmaceutical company Lonza Group (Lonza Group AG) in 2005. In October 2018, he became a member of the Voith Group Executive Board, where he has been acting CEO since October 2018.

The current executive director of "Aurubis Bulgaria" AD, Tim Kurth, graduated from the University of Applied Sciences in Friedberg, Germany. He began his career at Unilever, followed by a position at Numico in Poland. Since joining the Aurubis Group in 2006, Tim Kurth has held a number of senior management positions, including Manager Corporate Innovation and Vice President Corporate Logistics. Since 2014, he has been the executive director of "Aurubis Bulgaria" AD, and his responsibilities include the overall further development of the successful company, which today is among the most important in Bulgaria and is a major employer. Tim Kurth is the President of the German-Bulgarian Chamber of Commerce and Industry and has extensive knowledge of the metallurgical processes and operational business of Aurubis.

"We were able to attract a proven industry expert in Thoralf Haag, who will lead Aurubis with a strategic vision. He is well acquainted with the company and its markets from the time he was Chief Financial Officer, commented Prof. Dr. Fritz Varenholt, Chairman of the Supervisory Board of the Aurubis Group. "Tim Kurth did a remarkable job for the development of the plant in Bulgaria. His extensive experience makes him the ideal candidate to assume responsibility for important segments of the Group's metallurgical production network. We are pleased to have been able to attract an internal candidate for this key management position. On behalf of the entire Supervisory Board, I would like to wish Thoralf Haag and Tim Kurt every success in their new roles as they continue to deliver on the company's strategic agenda. The Supervisory Board would like to thank Roland Harings for his dedication to Aurubis over the past years. He initiated and implemented important strategic directions during his tenure."



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