14.12.2015
TOMORROW FOCUS AG DE0005495329
DGAP-News: TOMORROW FOCUS AG: founder Management Board member Christoph Schuh to step down at end of 2015 following sale of Group business units in his charge; new CEO Georg Hesse to take up position on 1 January 2016.
DGAP-News: TOMORROW FOCUS AG / Key word(s): Change of Personnel
TOMORROW FOCUS AG: founder Management Board member Christoph Schuh to step
down at end of 2015 following sale of Group business units in his charge;
new CEO Georg Hesse to take up position on 1 January 2016.
14.12.2015 / 11:00
The issuer is solely responsible for the content of this announcement.
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TOMORROW FOCUS AG: founder Management Board member Christoph Schuh to step
down at end of 2015 following sale of Group business units in his charge;
new CEO Georg Hesse to take up position on 1 January 2016.
Munich, Germany, 14 December 2015 - Christoph Schuh, whose Management Board
responsibilities at TOMORRROW FOCUS AG cover the Subscription and
Publishing segments, will step down on 31 December 2015 as the company's
strategic realignment process comes to a successful conclusion.
In 2014 both the Management Board and Supervisory Board of TOMORROW FOCUS
AG decided to concentrate the company's business activities exclusively on
the Travel segment. Following this decision, all the non-travel
subsidiaries for which Christoph Schuh had responsibility on the Management
Board were sold in 2014 and 2015. TOMORROW FOCUS AG plans to use the
resulting cash inflows to generate further growth in the Travel segment's
main sales platforms HolidayCheck and Zoover.
Christoph Schuh is one of the three-strong management board team that
founded TOMORROW INTERNET AG and oversaw the company's successful flotation
in 1999. The present company emerged in 2001 from a merger between TOMORROW
INTERNET AG and FOCUS Digital AG. Christoph Schuh initially held the
position of Chief Marketing Officer on the new company's management board.
Later he assumed responsibility for all non-travel operations of the
company. In this role he was responsible for acquisitions and new
formations (e.g. ElitePartner, jameda, AdJug, The Huffington Post and
NetMoms) and took on various supervisory and other board-level positions.
Up to mid-2015 he also chaired VDZ, the umbrella organisation of German
magazine publishers.
He was responsible for the disposals made necessary by the new strategy. In
the current financial year alone, the income from these sales has totalled
roughly EUR 100 million.
Supervisory Board Chairperson Stefan Winners expressed his regret at the
Management Board Member's departure: 'Over all these years, Christoph Schuh
has played a crucial role in shaping TOMORROW FOCUS AG. He is an
internationally recognised expert, networker and dealmaker across a huge
range of digital business models and has contributed significantly to the
company's present value. On behalf of the entire Supervisory Board, I would
like to express our sincere gratitude and offer our best wishes for his
future career.'
Christoph Schuh also reflected on his time at TOMORROW FOCUS AG: 'I look
back with much gratitude on the last 16 years. It has been a hugely
exciting, varied and challenging experience. It has also been a great
pleasure to work with such a diverse range of digital business models and a
brilliant team. Now that the assets in my charge have been sold, I believe
I have successfully completed my mission. I am looking forward to a short
break with my family before taking on new business challenges.'
The new Management Board will include existing members Timo Salzsieder
(COO) and Dr Dirk Schmelzer (CFO). They will be joined by TOMORROW FOCUS
AG's new CEO, Georg Hesse, who will take up his position on 1 January 2016.
About TOMORROW FOCUS AG
TOMORROW FOCUS AG (ISIN DE005495329) is based in Munich, Germany, and is
one of the country's leading digital travel firms. With a total workforce
of around 400, the TOMORROW FOCUS Group comprises HOLIDAYCHECK AG (which
operates hotel review and travel booking portals by the same name and the
car rental portal MIETWAGENCHECK) and WEBASSETS B.V. (which operates the
ZOOVER hotel review portals and the METEOVISTA/WEERONLINE weather portals).
Media and Investor Relations contact:
TOMORROW FOCUS AG
Armin Blohmann
Neumarkter Strasse 61
81673 München
Germany
phone +49 (0)89 9250 1256
fax +49 (0)89 9250 2403
email [email protected]
www.tomorrow-focus.de
http://twitter.com/tomorrowfocus
http://facebook.de/tomorrowfocus
http;//youtube.com/tomorrowfocus
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14.12.2015 Dissemination of a Corporate News, transmitted by DGAP - a
service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
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Language: English
Company: TOMORROW FOCUS AG
Neumarkter Str. 61
81673 München
Germany
Phone: +49 (0)89 9250-1256
Fax: +49 (0)89 9250-2403
E-mail: [email protected]
Internet: www.tomorrow-focus.de
ISIN: DE0005495329
WKN: 549532
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated
Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover,
Munich, Stuttgart
End of News DGAP News Service
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