Pfleiderer CEO Overdiek's contract terminated; restructuring on track

By Caroline Salls

Pittsburgh, May 11 - Pfleiderer AG announced that chief executive officer Hans H. Overdiek's contract has been terminated.

According to a company news release, the required appointment of a second board member will be announced "in due course."

The company said its restructuring is proceeding as planned.

Neumarkt, Germany-based Pfleiderer Finance is the holding company for German timber products maker Pfleiderer AG.

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