Pyrolyx relocates to US, delays ‘no confidence’ vote

Munich, Germany – Pyrolyx AG has postponed a 12 Dec extraordinary general meeting specially arranged for a vote of no confidence in chief financial officer Sven Eric Molzahn, the company has announced.

In a statement 19 Oct, Pyrolyx indicated that it had terminated Molzahn’s contract, but the company did not respond to ERJ enquiries for confirmation or further details.

The postponement for “logistical reasons” continues months of turmoil at Pyrolyx, which has also seen a change of chairman and moves to close the company’s HQ in Munich…

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