Elster (ELT) Announces Resignation of CFO Schmidt-Wolf
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Elster (NYSE: ELT) announced today that, following more than six years as chief financial officer (CFO) of Elster, with accomplishments that include a successful initial public offering, secondary offering and refinancing, substantial improvements in profitability, efficiency and working capital, and the establishment of core public company infrastructure, Christoph Schmidt-Wolf plans to leave Elster at the end of March.
Schmidt-Wolf will be succeeded as CFO by Rainer Beaujean. Beaujean will join Elster on February 1, 2012 and will formally take over as CFO in early March 2012, thereby providing for a two month transition period. Beaujean has spent the past five years as CFO and member of the management board of Demag Cranes AG.
Schmidt-Wolf will be succeeded as CFO by Rainer Beaujean. Beaujean will join Elster on February 1, 2012 and will formally take over as CFO in early March 2012, thereby providing for a two month transition period. Beaujean has spent the past five years as CFO and member of the management board of Demag Cranes AG.
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