May 21, 2020 / 5:06 PM / 11 days ago

BRIEF-Stadler Rail says CEO Ahlburg leaving company

May 21 (Reuters) - Stadler Rail AG:

* STADLER RAIL SAYS BOARD OF DIRECTORS AND CEO THOMAS AHLBURG HAVE DECIDED TO TERMINATE THE EMPLOYMENT BY MUTUAL AGREEMENT

* STADLER RAIL SAYS DECISION WAS DUE TO DIFFERENT VIEWS REGARDING STADLER’S STRATEGIC AND ORGANISATIONAL DEVELOPMENT

* STADLER RAIL SAYS AHLBURG WISHES TO CHANGE HIS CAREER DIRECTION AND TO BECOME AN INDEPENDENT ENTREPRENEUR IN THE FUTURE

* STADLER RAIL SAYS UNTIL A SUCCESSOR IS APPOINTED, THE EXECUTIVE CHAIRMAN OF THE BOARD OF DIRECTORS, PETER SPUHLER, WILL ALSO ASSUME THE FUNCTION OF THE GROUP CEO AD INTERIM WITH IMMEDIATE EFFECT

* STADLER RAIL SAYS AHLBURG WILL CONTINUE TO SERVE THE COMPANY AS A SENIOR ADVISOR UNTIL THE END OF 2020 Further company coverage:

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