Interseroh Shrinks Board of Directors

In the course of its strategic realignment under the virtual umbrella of the ALBA Group, Interseroh SE announced that it is reducing its board of directors from four to two members.

Manuel Althoff, responsible for Finance and Business Administration, and Volker Hars, responsible for the Steel and Metal Recycling segment, will resign as board members by the end of this month.

The Supervisory Board assigned responsibility for the departments Finance and Steel and Metal Recycling to CEO Dr Axel Schweitzer.

Roland Stroese will continue to hold responsibility for the Services and Raw Materials Trading segments for the company.

Interseroh also announced that Dr. Markus Guthoff has been appointed head of the Corporate Function for Banking, Treasury, and Mergers & Acquisitions. Guthoff has been consulting Interseroh-Group for several months.

Joachim Wagner, managing director of Interseroh Wagner Rohstoffe GmbH, and regional manager for the North-West-area for the Steel and Metal Recycling segment, has been appointed to the management board of Interseroh Hansa Recycling GmbH and will take over the position as managing director.

“Thanks to the new management structure the Board of Directors is able to meet its standard of being able to react to market changes even quicker by being closely connected to the operational units and thus profiting consequently from the advantages of the ALBA Group,” said Schweitzer.