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DGAP-News: STS Group AG
/ Key word(s): Personnel
STS Group AG appoints Mathieu Purrey as new Management Board Member
"We are delighted to have found a renowned successor in Mathieu Purrey, who has a wide experience in several management functions in the automotive industry," says Dr. Wolf Cornelius, Chairman of the Supervisory Board of STS Group AG.
This prompt decision enables a rapid transition of the Company Management. STS Group gains a renowned industry expert in Mathieu Purrey. Mr. Purrey knows the STS Group from his own experience and was Chief Purchasing Officer (CPO) for a total of nine months during a transition phase in 2017 and 2018.
"I would like to thank the Supervisory Board for the trust it has placed in me. First of all, we need to carefully analyse the situation in order to make responsible and sustainable decisions in a very challenging environment and to ensure the Group's liquidity," says Mathieu Purrey.
In the course of the coronavirus pandemic, the Group has been undergoing a restructuring process that requires considerable cost-cutting measures. In addition to the operational measures, further efforts must be made to secure liquidity. Government-guaranteed loans have been obtained in France, and similar negotiations are underway for the activities in Italy.
About STS Group:
|Company:||STS Group AG|
|Phone:||+49 (0)811 124494 0|
|Listed:||Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate Exchange|
|EQS News ID:||1089011|
|End of News||DGAP News Service|