Tim Schumacher Moves Up to Supervisory Board; New CEO Announced
The Supervisory Board of Sedo Holding AG has named Tobias Flaitz (40), previously with Hubert Burda Media, as the new CEO/member of the Management Board of Sedo. On February 1, 2012, he will succeed Sedo’s current CEO and co-founder, Tim Schumacher (35), who is leaving the Board of Management as of December 31, 2011 for personal reasons. At the next Annual General Meeting 2012 the Supervisory Board is due to be newly elected. In a proposal by United Internet AG, the Supervisory Board intends to propose Tim Schumacher as a new member of the Supervisory Board.
