Joachim Becker will be stepping down at his own request from the Managing Board of init innovation in traffic systems SE (ISIN DE 0005759807) when his contract comes to an end on 31 March 2019. He has served as Chief Operating Officer (COO) on the company's Board for 18 years and was responsible for central telematics and information systems. During this time, init evolved into the world's leading provider of integrated planning, dispatching, telematics and ticketing solutions for buses and trains.

Mr Becker, who holds a degree in computer science, began his career at init in 1983 as one of the company's first employees. He was extensively involved in building the company and its product range in the areas of planning, operations management and information technology. His most recent accomplishment was the development of the Mobility as a Service (MaaS) growth area. After his departure from the Managing Board, Mr Becker will remain active as Managing Director of INIT GmbH in Karlsruhe.

The Managing Board and Supervisory Board would like to thank Mr Becker for his extraordinary achievements in software development and his many years of successful work as Managing Director and COO.

His colleague Matthias Kühn will be taking over his tasks on the Managing Board. As a result, the Managing Board of init innovation in traffic systems SE will be composed of only four people.