June 23, 2017 / 4:10 PM / a year ago

BRIEF-RHI says its CEO will lead joint company after Magnesita merger

June 23 (Reuters) - RHI AG:

* RHI announces management board changes

* Executive management team (EMT) of RHI-Magnesita will be led by CEO, Mr. Stefan Borgas, who is currently member of management board of RHI and its CEO

* Mr. Octavio Lopes, currently CEO of Magnesita, will become chief financial officer (CFO) of RHI-Magnesita

* Mr. Gerd Schubert, currently member of management board of RHI responsible for operations, will become new chief operating officer (COO) of joint company

* New EMT of RHI-Magnesita will be effective after closing of transaction, which will probably be in early November 2017

* Mrs. Barbara Potisk-Eibensteiner, currently member of management board of RHI and company’s CFO, will leave RHI at her own request as of August 31st, 2017

* Mr. Stefan Borgas (CEO) will take over CFO responsibilities for interim period until closing of merger with Magnesita after Mrs. Potisk-Eibensteiner has left RHI Further company coverage:

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