Mr Peter Spuhler, executive chairman of the board of directors, will assume Ahlburg’s role with immediate effect until a successor is appointed. Ahlburg, who Stadler says wishes to pursue a career as an independent entrepreneur, will continue to serve the company as a senior advisor until the end of 2020.
Spuhler thanked Ahlburg for his commitment to Stadler since his appointment as group CEO on January 1 2018 and in his previous role as CEO of Stadler Bussnang.
Stadler says that it has so far been relatively unaffected by the Covid-19 crisis with no reduction in demand. However, it says that while the future consequences are difficult to assess at this stage, the company will suspend previous targets for financial year 2020. The company also expects to defer certain revenues from its rolling stock segment.
While the company has strong liquidity and a continuously high order backlog in recent years, some of its supply and transport chains have been interrupted due to complications in subcontracting industries. In addition, travel restrictions for customers and employees have resulted in delays to the authorisation, customer acceptance and invoicing of new trains. The services and components division is also impacted by restrictions on public transport services introduced to manage the spread of coronavirus and a temporary reduction is expected here.