Reorganization of MDAX Group Leadership: Stock Valuation Remains Minimal at Year-End
In a recent development at Evonik Industries, Maike Schuh, the Chief Financial Officer (CFO), has announced her departure from the company. The news comes after ten years of service at Evonik, during which Schuh was responsible for the finance department.
Schuh's departure is at her own request, and Bernd Töhnjes, chairman of the supervisory board, has expressed appreciation for her significant contributions to the company.
With Schuh's departure, CEO Christian Kullmann will temporarily take over the finance department until a successor is appointed. Claus Rettig, meanwhile, will handle Schuh's operational tasks.
This change comes at a challenging time for Evonik Industries, as the company's shares have been experiencing a downward trend. In today's trading, the shares continued their drop, reaching a new annual low with a decline of more than two percent. The shares in the MDAX are also falling significantly.
The course of Evonik Industries' shares had already fallen below the stop-loss of the AKTIONÄR at 16.00 euros and was stopped out. It is advised to wait from the sidelines until the operational business prospects for Evonik Industries and the chart picture have significantly improved.
Thomas Wessel, responsible for the areas of infrastructure and sustainability at Evonik Industries, has had his contract extended by two more years until August 2028. Wessel, who has been a member of Evonik's board since 2011, will continue to play a crucial role in the company's strategic direction.
Schuh's departure marks the end of a ten-year tenure at Evonik, during which she also served as a member of the board since April 2023. Her departure follows the footsteps of former Executive Board member Stephan de Loecker, who left the company in September 2022.
As Evonik Industries navigates this transition, the company remains committed to its mission of resource efficiency and sustainable solutions. The management team, led by CEO Christian Kullmann, will work diligently to stabilise the company's financial position and regain investor confidence.
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