People

At their next AGM on May 21, Deutsche Telekom shareholders are expected to elect Michael Kaschke as a new member to the company’s Supervisory Board. Kaschke, CEO of Carl Zeiss, is proposed to replace Ines Kolmsee who will shortly join the board of management of EWE. The reason for Kolmsee’s resignation lies in a presumed conflict of interest; an EWE energy group subsidiary is a telecommunication service provider.

Rainer Klug has been appointed to the management board of Drägerwerk of Lubeck, the medical technology and security specialist, and will take on the responsibilities previously held by Herbert Fehrecke who resigned as expected on March 31 to go into retirement. On March 25, the company announced that Klug began his career in the field of industrial technology and processes with KSB.

Michel Perraudin is set to become the new chair of the Supervisory Board of Hugo Boss. On April 1, the group announced that the former member of the Adidas board of management, and long-time partner in McKinsey, will be proposed to the shareholders’ AGM scheduled for May 12 next as chair of the Supervisory Board of the garment manufacturer. At the same time Kirsten Kistermann-Christophe, Axel Salzmann and Hermann Waldemer are standing for election to the future Supervisory Board. Kistermann-Christophe, Head of Equity Advisory Germany with Société Générale comes with thirty years of experience in investment banking and consultancy. Salzmann, CFO of Bilfinger, and Waldemer, for many years CFO with Philip Morris International will make major contributions to the company, above all with their knowledge of the media and of consumer goods. In addition to Gaetano and Luca Marzotto representing the Marzotto interest, the Supervisory Board will therefore have a further four independent members on the shareholders’ benches. Hellmut Albrecht who has chaired the present Supervisory Board since 2008 and Klaus Maier will resign their seats at the natural expiry date, namely the day of the AGM. Neither will the members who stand in representation of Permira, Damon Marcus Buffini and Martin Weckwerth, stand for re-election. The private equity company sold its share quota back to Boss in March.

With effect from the conclusion of the next AGM on June 24, Nathan James Brown will resign his mandate to the Supervisory Board of LEG Immobilien. The CFO of Perry Capital UK has been on the Supervisory Board since 2 January 2013. The Supervisory Board is proposing thirty-nine year old Natalie C. Hayday as new member. Hayday has worked with Goldman Sachs and UBS Warburg.

Werner Brandt has announced his intention to enter the running for one last term as chair of the Supervisory Board of QIAGEN on June 23. The former SAP CFO who has been on the Supervisory Board since 2007 states that his decision stems from professional and personal commitments. He will maintain office until the AGM in June 2016 when he will no longer stand for re-election .

Udo Faulhaber will take over the helm of sales for QSC, the IT provider in Cologne, presently in difficulty, by taking over the area of responsibility that up to the end of April, had been led by Henning Reinecke. With Faulhaber the company is expected to boost its dialogue with business clients for whom the TecDax-listed group aims at becoming the first-choice provider for Cloud services. Felix Höger, who up till 31 December 2014 was chair of the Pironet NDH management board, will join the QSC management board as head of technology and operations. Höger launched NDH in 1995 when still an undergraduate, and merged it in 2000 with Pironet, today PironetNdH. Up to now, Faulhaber, who will attend to the future business developments of QSC until the arrival of Höger, was also with PironetNdH.

Shareholders of TecDax-listed Software will be called upon to elect a new, more compact Supervisory Board at the AGM on May 30. The future weighting of the Supervisory Board make-up will no longer be equal; the number of members will halved from 12 to 6. In accordance with the law on third-party participation, four members of the Supervisory Board will represent the capital, and two members the company staff. The new candidates include Eun-Kyung Park who has been on the management board of ProSiebenSat1 in Germany since 2014 and Markus Ziener from the management board of Software AG Stiftung, that up to now has been represented by Heinz Otto Geidt. Probable departures from the board in addition to the former representative of the major shareholder include Prof. Willi Berchtold, Anke Schäferkordt and Prof. Hermann Requardt.

In a communiqué dated April 23, TecDax-listed United Internet announced that Frank Krause has been appointed CFO to replace Norbert Lang who is resigning with effect from June 30 next. Lang joined the Internet company 21 years ago and has been its CFO for 13 years. Until recently, Krause was a member of Vodafone Deutschland’s board of management with responsibility for Strategy & Corporate Development.

April 25. Ferdinand Piech tendered his resignation, effect immediate, from the Supervisory Board of VOLKSWAGEN. His wife, Ursula Piech also resigned. Piech’s vice chair on the Supervisory Board, BertholdHuber, will replace him until a new chair can be elected. A Supervisory Board joint communiqué stated that Piech’s resignation was the consequence of serious disagreements with the Board.

Curasan: putting its finances in order

Medical product manufacturer Curasan AG has a new head of investor relations. Ingo Middelmenne has been invited to reorganize and reposition the General Standard-listed company’s status on the capital market. Middelmenne began his career in investment banking with HSBC. He later held managerial positions in investor relations in two listed companies before setting up Middelmenne & Cie. in Munich in 2007 specialising in consultancy for companies with temporary staff at management level. As a freelancer he provided consultancy to many SMEs and groups in their transactions on the capital market and on how to communicate on the capital market. Middelmenne will work under Michael Schlenk, CEO of Curasan since 2014, in plotting the new company orientation.

Tomorrow Focus: hello goodbye

To begin with, it seemed that Tomorrow Focus’s CEO’s contract, expiry date 2016 would not be renewed. Now, the Prime Standard-listed company has announced that by common consent, CEO Toon Bouten will leave the company at the end of July. Bouten joined the company in 2013 to succeed Stefan Winners who had joined the board of management of the parent company Huber Burda Media. As of today, the company has presented no candidate for the CEO slot.

Euromicron: Board of Management full house

The Supervisory Board of software house Euromicron AG has appointed two new members to the board of management after dismissing the last CEO Willbald Späth last May for errors in the accounts. Bettina Meyer has taken on the position of CEO and CFO of the Prime Standard-listed telecommunications company. Up to now, she had been head of the company’s legal department but she began her career in Deutsche Bank working in risk management. In addition to financial and legal matters, her area of activity on the board of management will encompass human resources, compliance and auditing.

The new COO, Jürgen Hansjosten, was managing director of Euromicron Networks GmbH and boasts more than 20 years of experience in telecommunications in posts held in Siemens, Adva Optical Networking and TeraGate. Meyer and Hansjosten will work as a team with Thomas Hoffmann, interim chair of the board of management and who will now be the board of management head of strategy, corporate marketing, IT, M&A and communications on the capital market.

Sixt: CFO in the lead-up to market listing

Sixt Leasing AG has had a new CFO since April. Björn Waldow is responsible for finance, accounts and control, as well as for investor relations, risk management, auditing, legal and compliance. Waldow has been with the Sixt group since 2010, handling acquisitions and risk management. He has also held posts in Roland Berger Strategy Consultants and Deutsche Bank. Waldow’s position is now in support to CEO Rudolf Rizzoli. Sixt’s leasing subsidiary, the SDax-listed car-rental concern, is oriented towards stock-market flotation.