Strabag-CEO Haselsteiner Unexpectedly Dies at 44

The Carinthian company announced this on Friday evening. The remaining board members will temporarily take over the responsibilities handled by Haselsteiner. According to company information, Haselsteiner died suddenly and unexpectedly of natural causes.

An obituary from the company on Saturday afternoon is titled: "We cannot predict the future, but we can shape it." The CEO has shaped the company since he joined in 2011 and "played a decisive role in developing Strabag into a leading European construction technology group". With "Work On Progress", he initiated one of the most comprehensive transformation processes.

Klemens Haselsteiner Has Died Unexpectedly

Klemens Haselsteiner has been a board member since January 1, 2020, and chairman of the board of Strabag since January 1, 2023. He was one of four sons of the construction entrepreneur Hans Peter Haselsteiner (80). The Haselsteiner family holds 30.7 percent of the shares in Strabag SE, which is listed in the ATX leading index of the Vienna Stock Exchange. During his time as CEO, Klemens Haselsteiner pursued great visions and began to sustainably restructure the construction group, according to the construction company.

Haselsteiner studied in the USA among other places and started his professional career in 2004 at the international consulting firm KPMG. He gained his first experience at Strabag in Russia and later in Germany. Strabag is Austria's largest construction company and achieved a massive increase in profits in 2023. The group's result increased by a third compared to the previous year to 630.5 million euros. Earnings per share (EPS) increased by 37 percent from 4.60 to 6.30 euros. In full-time equivalents, the construction giant employed 77,136 employees worldwide at the end of 2023.

(APA/Red)

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