Financial head, Preining, departs prematurely from Intel's supply company, AT&S
In a recent announcement, the Austrian printed circuit board manufacturer AT&S has revealed that its Chief Financial Officer (CFO), Petra Preining, will be stepping down from her role effective August 31, 2025. The senior managers in Finance, Controlling, and Legal departments will assume CFO duties on an interim basis while the company searches for a suitable successor.
AT&S has appointed a leading international executive search agency to find a new CFO. Preining, who joined AT&S in October 2022, has been responsible for Finance, Controlling, Procurement, Investor Relations, Legal, Internal Audit, Compliance, and Risk and Continuity Management during her tenure.
The company has recently shown positive financial developments, with an upward trend in the first quarter of 2025, indicating a promising business momentum. Under Preining’s leadership, AT&S has successfully completed refinancing, a key achievement ahead of her departure.
However, the company has also faced financial losses in the first quarter of 2025/26. Price pressure and startup costs for new plants in Malaysia and Austria have been cited as reasons for these losses. The supplier to Intel and Apple, AT&S, slipped deeper into the red during this period.
Supervisory Board Chairman Andy Mattes expressed gratitude for Preining's work and successes at AT&S, and the board regrets her decision to leave. Mattes praised Preining for her significant contributions to the company, particularly in the area of refinancing.
Preining, in her pursuit of new career challenges, has decided to step down. The company announced her departure on Friday.
The new plants in Malaysia and Austria, currently under development, are expected to contribute to the startup costs at AT&S.
[1] AT&S Press Release, "AT&S announces the departure of CFO Petra Preining," Link
[2] AT&S Annual Report 2022, "Meet our Board of Management," Link
[3] AT&S Annual Report 2021, "Meet our Board of Management," Link
[4] AT&S Press Release, "AT&S successfully completes refinancing," Link
[5] AT&S Press Release, "AT&S announces the appointment of Petra Preining as CFO," Link
- The international executive search agency appointed by AT&S will focus on finding a new Chief Financial Officer (CFO) for the business, following Petra Preining's departure.
- Despite facing financial losses in the first quarter of 2025/26 due to price pressure and startup costs for new plants, AT&S has shown positive financial developments in the first quarter of 2025, indicating a promising business momentum.
