Financial Executive Preining Departure from AT&S Occurs Ahead of Schedule
AT&S, the Austrian printed circuit board manufacturer and supplier for tech giants like Intel and Apple, is searching for a new Chief Financial Officer (CFO) after the departure of Petra Preining. Preining's resignation, effective at the end of August 2023, was announced by the company on August 31, 2025 [1].
Preining joined AT&S in October 2022, replacing Simone Faath who stepped down in October 2021 for personal reasons. During her tenure, Preining led the finance department and played a crucial role in the company's operations [2]. The supervisory board, led by chairman Andy Mattes, expressed gratitude for Preining's work and wished her success in her future career [3].
The company's recent financial report revealed a deeper loss in the first quarter of 2025/26. The cause of this loss was attributed to price pressure and startup costs for new plants in Malaysia and Austria [4]. In the interim, senior managers are handling the CFO duties, with Preining's responsibilities during the transition period being managed by finance, controlling, and legal teams [5].
The supervisory board has commissioned an international recruitment firm to find a suitable successor for the CFO position. Preining's contract with AT&S was originally for five years, and her decision to leave comes after four years of service [6].
Prior to joining AT&S, Preining worked at Semperit. She took over the CFO duties from Andreas Gerstenmayer, who temporarily handled the role before her arrival [7]. The supervisory board has also agreed to a mutual contract termination with Preining [8].
AT&S announced Faath's departure in October 2021, with her departure being effective immediately at the end of that month [9]. The loss report does not mention any specific reasons for the revenue jump in the first quarter of 2025/26 [10].
The search for a new CFO comes at a critical time for AT&S, as the company navigates the challenges posed by the new plants in Malaysia and Austria. The supervisory board regrets Preining's decision to leave but wishes her well as she pursues new career challenges.
[1] https://www.ats.net/en/ats-announces-the-resignation-of-petra-preining-as-cfo-and-the-appointment-of-interim-cfo/ [2] https://www.ats.net/en/ats-announces-the-resignation-of-petra-preining-as-cfo-and-the-appointment-of-interim-cfo/ [3] https://www.ats.net/en/ats-announces-the-resignation-of-petra-preining-as-cfo-and-the-appointment-of-interim-cfo/ [4] https://www.ats.net/en/ats-publishes-its-preliminary-results-for-the-first-quarter-of-fiscal-year-2025-26/ [5] https://www.ats.net/en/ats-announces-the-resignation-of-petra-preining-as-cfo-and-the-appointment-of-interim-cfo/ [6] https://www.ats.net/en/ats-announces-the-resignation-of-petra-preining-as-cfo-and-the-appointment-of-interim-cfo/ [7] https://www.ats.net/en/ats-announces-the-resignation-of-petra-preining-as-cfo-and-the-appointment-of-interim-cfo/ [8] https://www.ats.net/en/ats-announces-the-resignation-of-petra-preining-as-cfo-and-the-appointment-of-interim-cfo/ [9] https://www.ats.net/en/ats-announces-simone-faath-leaves-ats/ [10] https://www.ats.net/en/ats-publishes-its-preliminary-results-for-the-first-quarter-of-fiscal-year-2025-26/
- The international recruitment firm hired by AT&S's supervisory board is tasked with finding a new Chief Financial Officer (CFO) to replace Petra Preining in the industry, given her upcoming departure at the end of August 2023.
- AT&S, a leading player in the business and finance sector, has been grappling with a significant loss in the first quarter of 2025/26 due to price pressure and startup costs for new plants in Malaysia and Austria, requiring the company's senior management to temporarily handle the CFO duties during the transition period.
