ALBA SE Changes Management Structure

The Cologne, Germany-based scrap recycling company ALBA SE has announced plans to replace its board of directors and supervisory board with an administrative board.

The decision was made during the company’s general assembly meeting held in May 2013. In making the change, Alba says that its board of directors and supervisory board identified the integration of ALBA SE in the ALBA Group and the associated possibility for a more streamlined and flexible leadership and control structure within ALBA SE as the reasons for switching from a dualistic system to a monistic system.

During the company’s annual general meeting, shareholders elected Axel Schweitzer, CEO and member of the board of directors of ALBA Group plc & Co. KG, Berlin, as chairman of the administrative board, as well as Joachim Wagner, a board member of ALBA Group plc & Co. KG, and Robert Nansink, another member since Jan. 1, 2013, as managing directors.

The board is completed by Martin Becker-Rethmann, another member of the ALBA SE’s board, Eric Oliver Mendel, member of the board of directors of ALBA Group plc & Co., and Werner Holzmayer, auditor, attorney and tax consultant at Ebner Stolz Mönning Bachem Wirtschaftsprüfer, Steuerberater, Rechtsanwälte Partnerschaft.