Schmolz & Bickenbach board chairman resigns after expenses probe

Dec 23, 2011 | 05:35 AM |

Schmolz & Bickenbach board chairman Michael Storm has resigned after being found to have charged the company about €1.5 million ($1.96 million) in private expenses. Storm resigned after an investigation into the separation of private and company expenses by the special steel processor and distributor. “The board of directors of Schmolz &....

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