New CEO Michael Mertin takes over at AT & S in difficult times!
New CEO Michael Mertin takes over at AT & S in difficult times!
The Styrian circuit board manufacturer AT&S is faced with a change of management: Michael Mertin will become the company's new chairman of the company from May 1, 2025. This was announced on Tuesday evening in a mandatory notification. Mertin is moving into the management of the company for the first time, which is currently fighting with a weak market environment and considerable challenges. The Supervisory Board has taken the decision to include Mertin, who was already working as a CEO at Jenoptik and increased sales there by 35 percent there. His contract term is estimated for three years, as AT&S confirmed. Previously, Andreas Gerstenmayer, who surprisingly gave up on September 30, 2024, left the board from the board, such as Kleine Zeitung reported.
market situation and challenges
The company sees itself according to orf Significant difficulties compared to: persistent market weakness, overcapacity and a great price pressure have led to a worrying result. In the current financial year 2024/25, AT&S recorded a loss of 95.3 million euros after three quarters. These circumstances have led to the board of directors had to evaporate the goals for the financial year. Mertin's assessment and strategic planning will now be crucial for the future stabilization of the company.
In his last position, Mertin was also active in the German Industrial Association Spectaris, which focuses on optics, photonics as well as analysis and medical technology. The native German brings extensive experience in the technology world and could make a decisive contribution to leading AT&S out of the current crisis and redesigning the future of the company.| Details | |
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| Ort | Jena, Deutschland |
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