The Board of Directors of the Oerlikon Group has announced that the CEO, Dr. Michael Buscher, will leave the company and that it has appointed CFO Jürg Fedier interim CEO with immediate effect.
Mr. Michael Buscher, who led the Oerlikon Group through a phase of comprehensive restructuring since joining it in 2010, has played a key role in the success of the company. The Board has thanked him profusely for his significant and lasting contributions.
Mr. Jürg Fedier, who was instrumental in the group’s restructuring and 2012 refinancing, has been an Executive Committee member and Oerlikon CFO since 2009.
Oerlikon Chairman Tim Summers said: “The Board of Directors wishes Michael Buscher all the best for the future and has complete confidence in Jürg Fedier to manage the group’s business during this period of transition.”