logo
Plus   Neg
Share
Email

QSC CFO Stefan Baustert To Step Down At Year End; Christoph Reif To Succeed

German Cloud and ICT provider QSC AG (QSCGF) announced Thursday that Chief Financial Officer Stefan Baustert, aged 63, will be leaving the company as of December 31, 2019.

Baustert will be succeeded as of January 1, 2020 by Christoph Reif, aged 39, who will act as plenipotentiary. Reif has headed the overall finance department since 2013 and is already a member of the management team.

QSC noted that consistent with its efforts to streamline its management team, Reif will take on this new role in addition to his existing responsibilities.

Baustert's stepping down from the role is based on mutual agreement following the completion of the transformation of QSC. He has been responsible for finance, personnel, central procurement and investor relations since January 2015.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
General Motors Co. (GM) is hiring for new workforce, after cutting about some 4,000 salaried employees early this year. According to Detroit Free Press, the auto giant is hiring for a new workforce as the company invests more money to develop electric and self-driving vehicles. Earlier this year,... Australia's Federal Court has ruled in favor of more than 1,000 women in a landmark class-action lawsuit against Johnson & Johnson after they suffered severe pain and complications from the healthcare giant's pelvic mesh implants. Johnson & Johnson and its subsidiary Ethicon were accused of hiding the risks of its pelvic mesh products. SpaceX's Starship rocket prototype was damaged while undergoing pressurization testing on Wednesday evening. Video from the vicinity of SpaceX's Boca Chica test facility in Texas showed white plumes erupt from the top part of the Starship Mark 1 vehicle while it was undergoing a pressurization test. The eruption blew off the upper bulkhead high into the air.
Follow RTT
>