The Supervisory Board of Salzgitter AG elected Ulrike Brouzi as its new Chairwoman during its ordinary meeting on March 19, 2026, with her term of office beginning immediately. Brouzi, a 60-year-old graduate in Business Mathematics, has served as a member of the Supervisory Board since May 23, 2013, and currently holds responsibility for finance and compliance on the Board of Managing Directors of DZ BANK AG in Frankfurt.
Lower Saxony's Finance Minister Gerald Heere, who serves as a member of Salzgitter AG's Supervisory Board and represents the State of Lower Saxony as the main shareholder, expressed strong support for the appointment. "I am very pleased with the appointment of Ulrike Brouzi. She is a proven financial expert who has supported the Salzgitter Group for many years with her Supervisory Board mandate," Heere stated. He emphasized that Brouzi has been "strongly committed to shaping and designing the course for the company in recent years" and possesses deep familiarity with "the relevant processes, structures and the strategic direction of the Group," making her "an excellent choice as Chairwoman of the Supervisory Board."
This leadership transition follows Heinz-Gerhard Wente's departure from the position, during which Prof. Dr. Hans-Jurgen Urban served as interim Deputy Chairman of the Supervisory Board. Finance Minister Heere acknowledged Urban's contributions, stating, "On behalf of the Supervisory Board and the Executive Board of Salzgitter AG, I would like to thank Hans-Jurgen Urban most sincerely for his great commitment during this transitional period."
The appointment carries significant implications for Salzgitter AG, one of Germany's leading steel and technology groups. Brouzi's extensive financial background and long-standing involvement with the company's supervisory functions suggest continuity in strategic oversight during a period when steel manufacturers face complex challenges including decarbonization efforts, energy transition requirements, and global market volatility. Her expertise in compliance and finance aligns with increasing regulatory scrutiny on corporate governance and sustainability reporting within the European industrial sector.
For stakeholders, including investors and employees, Brouzi's elevation to Chairwoman represents stability in leadership during a critical phase for the steel industry. Her familiarity with Salzgitter AG's operations and strategy may facilitate smoother decision-making processes as the company navigates investments in green steel production and digital transformation initiatives. The appointment also reinforces the importance of financial stewardship in capital-intensive industries where strategic investments in new technologies require careful financial planning and risk management.
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