AT&S Appoints Gerrit Steen as CFO and Streamlines Executive Board Structure

The Supervisory Board of AT&S has appointed Gerrit Steen as Chief Financial Officer and member of the Management Board for a three-year term, effective February 1, 2026. With this appointment, AT&S will transition to a streamlined three-member Executive Board consisting of CEO Michael Mertin as Chairman, CFO Gerrit Steen, and CTO Peter Griehsnig. Ingolf Schröder will step down from the Executive Board but will remain with the company by mutual agreement and continue to lead the Business Unit Microelectronics as EVP.

Gerrit Steen brings more than 25 years of international finance leadership experience to AT&S, having held positions across Europe, Asia, the Middle East and the United States. His extensive expertise spans financial strategy, transformation and global growth initiatives in both privately held and publicly listed companies. Prior to joining AT&S, Steen served as Group CFO of DAMAC Group, an investment, real estate, and technology company in Dubai with revenues exceeding USD 5 billion. He previously held various board and senior executive roles within the Fresenius Group and technology company Heraeus, including Global CFO and CEO for the Asia region of Fresenius Kabi AG.

"I am very pleased to have the opportunity to join such a renowned high-tech company as AT&S as CFO," said Steen. "Supported by its strong technology capabilities, AT&S is very well positioned to benefit from global trends such as digitalization, connectivity, and electrification. Together with the Supervisory Board, the Management Board and the entire AT&S organization, I look forward to helping turn these opportunities into profitable growth through disciplined financial management and clear capital allocation."

Andy Mattes, Chairman of the Supervisory Board of AT&S AG, emphasized the strategic importance of this appointment: "We are pleased to welcome Gerrit Steen, a highly accomplished financial expert with decades of global experience, to AT&S. His extensive expertise in financial strategy, transformation, and global growth, combined with his experience in Asia and the United States, will be of great value for the future development of our company."

AT&S is a leading global manufacturer of high-end IC substrates and printed circuit boards, developing and producing leading-edge interconnect technologies for key digital industries including mobile devices, automotive & aerospace, industrial, medical and high-performance computing for AI applications. The company operates production sites in Austria, China, Malaysia, and India, with a European competence center for R&D and IC substrate production in Leoben. AT&S currently employs approximately 13,000 people and is actively shaping the digital transformation through forward-looking investments in research and development and responsible resource use.

The appointment of an internationally seasoned finance leader like Steen signals AT&S's commitment to strengthening its financial governance as it navigates global market opportunities. The streamlined Executive Board structure suggests a move toward more agile decision-making at the highest levels of the company. This leadership change occurs as AT&S positions itself to capitalize on growing demand in digital industries, where its high-end interconnect technologies serve critical functions in mobile devices, automotive systems, medical equipment, and AI computing infrastructure. Further information about the company can be found at https://www.ats.net.