The appointment of Gerrit Steen as Chief Financial Officer marks a significant strategic move for AT&S, strengthening its leadership with an executive whose global financial expertise is expected to drive disciplined capital allocation and profitable growth. Steen will assume his role on February 1, 2026, at which point AT&S will transition to a streamlined three-member Executive Board consisting of the CEO, CFO, and CTO. This structural change, approved by the Supervisory Board, signifies a focused approach to leadership as the company positions itself in high-growth technology sectors.
Gerrit Steen brings over 25 years of international finance leadership experience across Europe, Asia, the Middle East, and the United States. His background includes serving as Group CFO of DAMAC Group in Dubai, a company with revenues exceeding USD 5 billion, and holding various board and senior executive roles within the Fresenius Group and technology company Heraeus. This extensive expertise in financial strategy, transformation, and global growth is viewed as crucial for AT&S's future development, particularly as the company leverages trends like digitalization, connectivity, and electrification.
The management restructuring accompanies Steen's appointment, with Ingolf Schröder stepping down from the Executive Board but remaining with the company to lead the Business Unit Microelectronics as EVP. This ensures continuity in key operational areas while centralizing executive decision-making. Steen emphasized his commitment to turning market opportunities into profitable growth through disciplined financial management, aligning with AT&S's focus on advanced interconnect technologies for industries such as mobile devices, automotive, aerospace, and AI applications.
AT&S, a leading global manufacturer of high-end IC substrates and printed circuit boards, operates production sites in Austria, China, Malaysia, and India, employing around 13,000 people. The company's strategic investments in research and development, supported by its European competence center in Leoben, are detailed further on its official website https://www.ats.net. Chairman of the Supervisory Board Andy Mattes highlighted that Steen's experience in Asia and the United States will be invaluable for the company's global expansion and financial stewardship.
This leadership enhancement comes at a pivotal time as AT&S navigates the competitive landscape of digital transformation. The streamlined Executive Board is designed to foster agile decision-making and robust financial oversight, essential for sustaining innovation and market leadership. The company's media portal, accessible at https://ats.canto.de/v/press, provides updated materials on these developments, reflecting AT&S's proactive communication strategy. Overall, the appointment and structural changes underscore AT&S's commitment to strengthening its financial foundations and capitalizing on emerging technological opportunities worldwide.
