Moody’s credit ratings for MAHLE GmbH is just below investment grade, Ba1 (LT Corporate Family Ratings, since April 7, 2021). The credit rating is not on Watch, the outlook stable. Recent news could cause this situation to change.
MAHLE and Matthias Arleth (54), Chairman of the Management Board and CEO, have decided to terminate their cooperation by “mutual agreement”, it says so in the press release. This step is due to differing opinions on the future strategic orientation of the group. It seems questionable whether the rating agency was informed of this development in good time.
Arleth had joined the technology group only in January 2022. Until a decision on a successor as CEO has been taken by the Supervisory Board, Michael Frick (55), Deputy Chairman of the Management Board and CFO, is to act as Chairman of the Management Board.
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