Financial executive Preining departs prematurely from Intel supplier AT&S
Following the announcement of Petra Preining's departure, printed circuit board manufacturer AT&S is on the hunt for a new Chief Financial Officer (CFO). Preining will step down from her role on August 31, 2025, and until a successor is appointed, senior managers will take on the interim CFO duties.
Preining joined AT&S in October 2022, taking over from Simone Faath who stepped down for personal reasons at the end of October 2021. Prior to her tenure at AT&S, Preining was with Semperit.
The supervisory board chairman, Andy Mattes, has expressed gratitude for Preining's work and successes at AT&S. He also expressed regret at her decision to leave. Mattes wished Preining all the best for her future career challenges.
The financial loss reported by AT&S in the first quarter of 2025/26 is attributed to the startup costs of the new plants in Malaysia and Austria that are currently under development at AT&S. Price pressure and these startup costs were cited as reasons for the financial loss.
The supervisory board has agreed to a mutual contract termination with Preining. No information was provided about the current status of the search for a new CFO at AT&S. The supervisory board has commissioned an international recruitment firm to find a successor for the CFO position, but no public announcement of the new CFO has been made as of now.
Despite the financial loss, AT&S experienced an increase in revenue in the first quarter of 2025/26. The company continues to face the ongoing issue of price pressure, a challenge that Preining and her team had been tackling prior to her departure.
In the interim, the temporary responsibility of AT&S's finance department will be taken over by the heads of the finance, controlling, and legal departments.
[1] Source: AT&S press release (Date of release not provided) [3] Source: Unnamed sources within AT&S (Date of release not provided)
- The financial difficulties at AT&S, including the losses from new plant startups, have put additional focus on the company's business finances.
- In the search for a new CFO, AT&S will be looking for a finance professional with experience in managing business finances during periods of growth and financial challenges.
