The Heraeus Precious Metals operating company will focus on the industrial business going forward, particularly on products, recycling, and trading with industrial customers. Its headquarters will remain in Hanau, Germany. Steffen Metzger will continue to lead this operating company on an interim basis as CEO until a permanent successor is appointed. Following the handover, he will focus entirely on his role as Managing Director of the Precious Metals Business Area, a position he has previously held in a dual capacity.
Argor-Heraeus, headquartered in Mendrisio, Switzerland, will consolidate all activities in the luxury and investment sectors as an independent operating company.The unit was previously organized as a business line within the Heraeus Precious Metals operating company and will now continue as an independent operating company. Robin Kolvenbach, who previously served as Co-CEO, will become CEO of Argor-Heraeus.
With this new organizational set-up, the company is laying the groundwork to align itself even more precisely with the specific requirements of customers and markets. The various business segments already serve clearly differentiated customer needs and operate in market environments that are, in some cases, very different. The new set-up will enable a stronger focus on the respective businesses. The goal is to simplify decision-making processes, clearly assign responsibilities, and consistently align the organization with customers and markets. At the same time, risk management will be further strengthened.
For customers and partners, our collaboration remains as reliable as ever, with the highest standards of quality and service. The new organizational set-up enables even more focused and tailored support for the respective customer segments.
This step does not involve any structural cuts: Neither job cuts nor site closures are planned.
About Heraeus Precious Metals
Heraeus Precious Metals is one of the world’s leading players in the precious metals industry. As part of the Heraeus Group, the company covers the value chain from trading to precious metals products to refining and recycling. It has extensive expertise in all platinum group metals as well as gold and silver.
With about 2,500 employees at 11 sites worldwide, Heraeus Precious Metals offers a broad portfolio of products that are essential for many industries such as the automotive, chemicals, semiconductor, aerospace, pharmaceutical and hydrogen industry.
About Argor-Heraeus
Founded in 1951 and headquartered in Mendrisio, Switzerland, Argor-Heraeus is specialized in gold, silver, platinum, and palladium and a market leader in precious metal refining and manufacturing. Argor-Heraeus offers a comprehensive range of precious metals products and services, including melting and assaying, LBMA Good Delivery standard bars, minted bars, semi-finished and finished products for the high-end jewelry and watchmaking industries, custom-made alloys, and financial precious metal services.
With its unique capability to provide highly customized solutions, connecting the entire supply chain from source to final product, Argor-Heraeus is renowned worldwide for its commitment to responsibility, innovation, trust, and excellence.
