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 Steen joining AT&S, the company will streamline its management structure into a three-member Executive Board consisting of CEO Michael Mertin as Chairman, CFO Gerrit Steen, and CTO Peter Griehsnig. This organizational change represents a significant consolidation of leadership responsibilities aimed at enhancing decision-making efficiency and strategic alignment across the global technology company.

Ingolf Schröder will step down from the Executive Board but will remain with the company by mutual agreement and will continue to lead the Business Unit Microelectronics as EVP. This transition allows AT&S to maintain continuity in its microelectronics operations while implementing a more focused executive leadership structure. The streamlined board configuration is designed to accelerate strategic initiatives and improve operational responsiveness in a rapidly evolving technology landscape.

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 in financial strategy, transformation and global growth includes successful implementation of finance, risk and 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. With production sites in Austria, China, Malaysia, India and a European competence center for R&D and IC substrate production in Leoben, the company employs approximately 13,000 people worldwide. Further information about the company's operations and strategic direction can be found at https://www.ats.net.

The appointment and organizational restructuring come at a critical time for the technology sector, as companies navigate complex global supply chains, evolving regulatory environments, and increasing demand for advanced interconnect solutions. AT&S's decision to streamline its executive leadership while bringing in an experienced international finance executive reflects a strategic approach to capitalizing on growth opportunities in digitalization, connectivity, and electrification markets. The company's focus on disciplined financial management and clear capital allocation under Steen's leadership will be essential for navigating competitive pressures and investment requirements in high-technology manufacturing.