Mynaric Announces Departure of Mustafa Veziroglu as CEO and Appointment of Andreas Reif as Chief Restructuring Officer; Annual General Meeting 2024 of Mynaric Will be Postponed
Mynaric (NASDAQ:MYNA), a laser communications products provider, has announced significant management changes. Mustafa Veziroglu has stepped down as CEO and management board member with immediate effect. Veziroglu, who joined in August 2022, led operational product-related activities. Simultaneously, Andreas Reif has been appointed as a management board member and Chief Restructuring Officer (CRO).
Reif's role as CRO will focus on reducing costs and near-term cash consumption while collaborating with customers to meet their needs. He brings experience from executive financial and operational roles in German industrial manufacturing companies.
Due to these management changes, Mynaric's annual general meeting, originally scheduled for August 29, 2024, will be postponed. The company will announce new details in due course.
Mynaric (NASDAQ:MYNA), fornitore di prodotti per le comunicazioni laser, ha annunciato importanti cambiamenti nel management. Mustafa Veziroglu si è dimesso da CEO e membro del consiglio di amministrazione con effetto immediato. Veziroglu, che è entrato a far parte dell'azienda nell'agosto 2022, ha guidato le attività operative legate ai prodotti. Contestualmente, Andreas Reif è stato nominato membro del consiglio di amministrazione e Chief Restructuring Officer (CRO).
Il ruolo di Reif come CRO si concentrerà su riduzione dei costi e consumo di liquidità a breve termine mentre collabora con i clienti per soddisfare le loro esigenze. Porta con sé un'esperienza acquisita in ruoli esecutivi finanziari e operativi in aziende manifatturiere tedesche.
In seguito a questi cambiamenti nel management, l'assemblea generale annuale di Mynaric, inizialmente programmata per il 29 agosto 2024, sarà rinviata. L'azienda annuncerà nuovi dettagli a tempo debito.
Mynaric (NASDAQ:MYNA), proveedor de productos de comunicaciones láser, ha anunciado cambios significativos en la dirección. Mustafa Veziroglu ha renunciado como CEO y miembro del consejo de administración con efecto inmediato. Veziroglu, quien se unió en agosto de 2022, lideró las actividades operativas relacionadas con los productos. Al mismo tiempo, Andreas Reif ha sido nombrado miembro del consejo de administración y Chief Restructuring Officer (CRO).
El papel de Reif como CRO se centrará en reducir costos y consumo de efectivo a corto plazo mientras colabora con los clientes para satisfacer sus necesidades. Aporta experiencia de roles ejecutivos financieros y operativos en empresas de manufactura industrial alemanas.
Debido a estos cambios en la dirección, la junta general anual de Mynaric, programada originalmente para el 29 de agosto de 2024, se pospondrá. La empresa anunciará nuevos detalles a su debido tiempo.
Mynaric (NASDAQ:MYNA), 레이저 통신 제품 공급업체,이 중요한 경영 변화를 발표했습니다. 무스타파 베지로글루는 즉시 CEO 및 경영 이사회 구성원직에서 사임했습니다. 2022년 8월에 합류한 베지로글루는 제품 관련 운영 활동을 이끌었습니다. 동시에 안드레아스 라이프가 경영 이사회 구성원 및 Chief Restructuring Officer (CRO)로 임명되었습니다.
라이프의 CRO 역할은 비용 절감 및 단기 현금 소비 감소에 중점을 두고 고객과 협력하여 그들의 요구를 충족하는 것입니다. 그는 독일 산업 제조 회사에서의 재무 및 운영 임원 역할에서 경험을 쌓았습니다.
이러한 경영 변화로 인해 Mynaric의 연례총회는 원래 2024년 8월 29일로 예정되어 있었으나 연기됩니다. 회사는 적절한 시기에 새로운 세부정보를 발표할 것입니다.
Mynaric (NASDAQ:MYNA), fournisseur de produits de communication laser, a annoncé d'importants changements de direction. Mustafa Veziroglu a démissionné de son poste de CEO et de membre du conseil d'administration avec effet immédiat. Veziroglu, qui a rejoint l'entreprise en août 2022, a dirigé les activités opérationnelles liées aux produits. Simultanément, Andreas Reif a été nommé membre du conseil d'administration et Chief Restructuring Officer (CRO).
Dans son rôle de CRO, Reif se concentrera sur la réduction des coûts et la consommation de liquidités à court terme tout en collaborant avec les clients pour répondre à leurs besoins. Il apporte une expérience acquise dans des postes exécutifs financiers et opérationnels au sein d'entreprises manufacturières allemandes.
En raison de ces changements au sein du management, l'assemblée générale annuelle de Mynaric, initialement prévue pour le 29 août 2024, sera reportée. L'entreprise annoncera de nouveaux détails en temps voulu.
Mynaric (NASDAQ:MYNA), Anbieter von Laser-Kommunikationsprodukten, hat bedeutende Änderungen im Management angekündigt. Mustafa Veziroglu ist mit sofortiger Wirkung als CEO und Mitglied des Vorstands zurückgetreten. Veziroglu, der im August 2022 beigetreten ist, leitete die operativen produktbezogenen Aktivitäten. Gleichzeitig wurde Andreas Reif als Mitglied des Vorstands und Chief Restructuring Officer (CRO) ernannt.
Reifs Rolle als CRO wird sich auf Kostensenkung und kurzfristigen Cashverbrauch konzentrieren, während er mit Kunden zusammenarbeitet, um deren Bedürfnisse zu erfüllen. Er bringt Erfahrungen aus leitenden finanziellen und operativen Positionen in deutschen Industrieunternehmen mit.
Aufgrund dieser Veränderungen im Management wird die Jahresversammlung von Mynaric, die ursprünglich für den 29. August 2024 geplant war, verschoben. Das Unternehmen wird zu gegebener Zeit neue Details bekannt geben.
- Appointment of Andreas Reif as Chief Restructuring Officer to focus on cost reduction
- Potential for fresh perspectives and strategic changes with new leadership
- Sudden departure of CEO Mustafa Veziroglu may indicate internal challenges
- Postponement of annual general meeting suggests organizational uncertainty
- Need for restructuring implies potential financial or operational difficulties
MUNICH, GERMANY / ACCESSWIRE / August 26, 2024 / Mynaric (NASDAQ:MYNA), a leading provider of industrialized, cost-effective, and scalable laser communications products, today announced that the supervisory board and the chief executive officer, Mustafa Veziroglu, jointly decided on the termination of the office of Mustafa Veziroglu as CEO and member of the management board of Mynaric with immediate effect. Mustafa Veziroglu joined Mynaric's management board in August 2022 and most recently served as CEO of the company leading all operational product-related activities overseeing the entire product lifecycle from development through delivery. In addition, Mynaric today announced the appointment of Andreas Reif with immediate effect as member of the management board and Chief Restructuring Officer.
"On behalf of the supervisory board, I would like to thank Mustafa for his work as Co-CEO and CEO of Mynaric.", said Bulent Altan, chairman of the supervisory board of Mynaric. "We are grateful to him for his loyalty and commitment."
"It has been a privilege to be part of the Mynaric story and I would like to thank the supervisory board and all my colleagues for their trust on this journey," said Mustafa Veziroglu. "I look forward to new opportunities to share my knowledge."
In his role as CRO, Andreas Reif will be integral to reducing costs and near-term cash consumption while working closely with our customers to meet their requirements. Prior to joining Mynaric, Andreas Reif served in executive financial and operational roles and as a key advisor for industrial manufacturing companies throughout Germany.
With a view to the latest changes in the Management Board, the annual general meeting of Mynaric AG, scheduled for August 29, 2024, shall be postponed. The Company will announce details of this separately in due course.
About Mynaric
Mynaric (NASDAQ: MYNA)(FRA: M0YN) is leading the industrial revolution of laser communications by producing optical communications terminals for air, space and mobile applications. Laser communication networks provide connectivity from the sky, allowing for ultra-high data rates and secure, long-distance data transmission between moving objects for wireless terrestrial, mobility, airborne- and space-based applications. The company is headquartered in Munich, Germany, with additional locations in Los Angeles, California, and Washington, D.C. For more information, visit mynaric.com.
Contact:
Mynaric AG
+49 8105 7999 0
comms@mynaric.com
www.mynaric.com
SOURCE: Mynaric AG
View the original press release on accesswire.com
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