Semperit CEO steps down as demerger with Sri Trang finalised

Vienna – Semperit CEO Thomas Fahnemann has requested the company’s supervisory board “to immediately release him from his management board contract”, following the successful termination of joint venture transaction with Thailand’s Sri Trang.

In a statement on 15 March, the company said Fahnemann, who has served as chief executive for the past six years, is seeking “new professional challenges” after the successful JV termination and related realignment of Semperit.

The Vienna-based rubber engineering group announced, on the same day, that it had finalised the termination of almost…

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