Plus   Neg

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
Pfizer said Friday it reached a multi-year deal with Gilead Sciences to manufacture and supply Gilead's investigational antiviral remdesivir for COVID-19 patients. Ferring Pharmaceuticals US is recalling various nasal sprays citing superpotency or amounts of desmopressin higher than specified, the U.S. Food and Drug Administration announced in a statement. The recall involves all lots on the market of DDAVP Nasal Spray 10 mcg/0.1mL, Desmopressin Acetate Nasal Spray 10 mcg/0.1mL, and STIMATE Nasal Spray 1.5 mg/mL. U.S. President Donald Trump has issued executive orders to ban Chinese mobile application TikTok as well as WeChat, citing a threat to national security and its economy. China's ByteDance Ltd. owns TikTok, a video-sharing mobile app, while Tencent Holdings Ltd. owns WeChat, a messaging, social media, and electronic payment app.
Follow RTT