Afarak Group SE (AFRK) CEO Guy Konsbruck to Step Down on 30 June 2027 After More Than Ten Years

Ishan Mudgal

11 November 2026 02:30 PM GMT

Afarak Group SE (AFRK) CEO Guy Konsbruck to Step Down on 30 June 2027 After More Than Ten Years

Image Source: Krish Capital Pty Ltd

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Afarak Group SE (LSE: AFRK, NASDAQ: AFAGR), a specialist alloy producer with operations in southern Europe and South Africa, has announced that Chief Executive Officer Guy Konsbruck will step down from his role on 30 June 2027. Konsbruck informed the Board of Directors of his decision, citing the moment as the right time for the company to benefit from a fresh perspective under new leadership. The Board has confirmed it will begin the process of identifying a successor and will make an appointment announcement in line with its disclosure obligations. Investors in the dual-listed company will be watching closely for news of a replacement.

Key Points

Afarak Group SE (LSE: AFRK, NASDAQ: AFAGR) is a specialist alloy producer listed in London and Helsinki
CEO Guy Konsbruck has notified the Board he will step down, with his departure effective 30 June 2027
Konsbruck has led Afarak for more than ten years; no successor has yet been named
Investors should watch for the Board's announcement of a new CEO appointment in accordance with disclosure obligations

Guy Konsbruck Departs After More Than a Decade Leading Afarak Group SE

Guy Konsbruck has served as Chief Executive Officer of Afarak Group SE for more than ten years, steering the company through its development as a specialist alloy producer. According to the company announcement dated 11 November 2026, Konsbruck personally informed the Board of Directors of his decision to step down. He stated his belief that the time is right for Afarak to benefit from a change of perspective under a new leader. Konsbruck confirmed he will continue to act in the best interests of the company and remain in the CEO role until his departure date of 30 June 2027.

Afarak's Speciality Alloys and FerroAlloys Operations Span Southern Europe and South Africa

Afarak Group SE operates two distinct business segments: a Speciality Alloys division based in southern Europe and a FerroAlloys business in South Africa. The company describes itself as focused on delivering sustainable growth across these two segments. Afarak holds a dual listing on NASDAQ Helsinki under the ticker AFAGR and on the Main Market of the London Stock Exchange under the ticker AFRK, giving it exposure to both Nordic and UK investor bases. This dual-market presence means that any significant leadership transition may draw scrutiny from two separate regulatory environments and investor communities.

Board of Directors Begins CEO Successor Search With No Timeline Disclosed

The Board of Directors of Afarak Group SE, chaired by Thorstein Abrahamsen, has confirmed it will commence a formal process to find a successor to Konsbruck. The announcement does not specify a timeline for the search, nor does it name any internal or external candidates under consideration. Afarak stated that the appointment of a new CEO will be announced in accordance with its disclosure obligations. The company did not disclose any further details regarding the structure or scope of the search process in this announcement.

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