Curated News
By: NewsRamp Editorial Staff
December 23, 2025
AT&S Appoints Global Finance Veteran Gerrit Steen as New CFO
TLDR
- AT&S appoints Gerrit Steen as CFO to leverage his global financial expertise for disciplined capital allocation and profitable growth in digitalization markets.
- AT&S restructures its Executive Board to three members with Steen joining as CFO on February 1, 2026, bringing 25 years of international finance leadership experience.
- AT&S's strengthened leadership with Steen's global perspective supports responsible innovation in digital technologies that advance connectivity and electrification worldwide.
- Gerrit Steen moves from DAMAC Group's CFO role to lead AT&S's finance strategy, having worked across four continents over 25 years.
Impact - Why it Matters
This leadership change matters because AT&S is a critical supplier of high-end IC substrates and printed circuit boards for essential digital industries, including mobile devices, automotive, and AI hardware. The appointment of a CFO with deep international experience in financial strategy and transformation signals the company's preparation for accelerated growth amid global trends like digitalization and electrification. For investors and industry observers, it reflects strengthened governance and strategic focus, potentially enhancing AT&S's competitiveness in securing capital and driving innovation. For the broader tech ecosystem, stable, experienced leadership at such a key manufacturing partner supports supply chain reliability and technological advancement, impacting everything from consumer electronics to next-generation computing solutions.
Summary
AT&S, the Austrian high-tech leader in IC substrates and printed circuit boards, has announced a significant leadership restructuring with the appointment of Gerrit Steen as its new Chief Financial Officer, effective February 1, 2026. This strategic move brings a seasoned finance executive with over 25 years of international experience across Europe, Asia, the Middle East, and the United States to the company's helm. Steen, who previously served as Group CFO of Dubai's DAMAC Group and held senior roles at Fresenius Group and Heraeus, will join CEO Michael Mertin and CTO Peter Griehsnig to form a streamlined three-member Executive Board. This restructuring marks a pivotal shift as Ingolf Schröder steps down from the board but continues to lead the Microelectronics Business Unit, ensuring continuity in AT&S's core operations.
The appointment signals AT&S's commitment to strengthening its financial leadership as it navigates global trends in digitalization, connectivity, and electrification. Steen's extensive expertise in financial strategy, transformation, and global growth is expected to drive disciplined capital allocation and profitable expansion for the company, which operates production sites in Austria, China, Malaysia, and India. In his statement, Steen emphasized AT&S's strong technological positioning to capitalize on these opportunities, while Andy Mattes, Chairman of the Supervisory Board, highlighted the value of Steen's global experience for the company's future development. This leadership enhancement comes as AT&S, with approximately 13,000 employees, continues to shape the digital transformation through investments in R&D and sustainable practices.
For further details, the original release can be viewed on www.newmediawire.com, and additional information about AT&S is available at www.ats.net. The company also maintains a media portal at https://ats.canto.de/v/press for updated materials, underscoring its transparency and engagement with stakeholders. This move reinforces AT&S's role as a key player in advanced interconnect technologies for industries ranging from mobile devices and automotive to AI applications, positioning it for sustained growth in the evolving tech landscape.
Source Statement
This curated news summary relied on content disributed by NewMediaWire. Read the original source here, AT&S Appoints Global Finance Veteran Gerrit Steen as New CFO
