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A-Tec: Kovats to Step Back by Year-End

Published: September 1, 2011; 14:11 · (Vindobona)

The CEO of the insolvent Austrian group wants to finalize the deal with an investor before resigning from his position. Negotiations with Penta have been suspended.

A-Tec: Kovats to Step Back by Year-End / Picture: © Reuters

Mirko Kovats, CEO and majority owner of A-Tec, has announced that he will withdraw from his position by the end of the year. A spokeswoman of the insolvent conglomerate has confirmed reports on that effect. “My mission at A-Tec will be completed as soon as an investor is found”, stated Kovats.

In light of the increasingly vehement demands for his resignation, the decision is…

This article includes a total of 216 words.

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