asknet AG Annual Shareholders Meeting Elects New Chairman, the New Supervisory Board Sets the Path for Further Growth of the Business

Following the deep restructuring and transformation of asknet into a profitable business over recent years (the company returned to profitability in 2017), Mr. Tobias Kaulfuss, the former CEO of asknet AG, was elected as Chairman of the Supervisory Board of the company, with each of Joern Matuszewski and Norman Hansen continuing on the board of asknet AG. Mr. Sergey Skatershchikov, the Chief Financial Officer of asknet AG, was appointed the Chief Executive Officer of asknet AG.

The new Supervisory Board of asknet AG convened on June 28 after the annual shareholders meeting and has approved Mr. Skatershchikov’s proposal to institute a new governance structure for asknet’s second level of management with immediate effect, with Mr. Skatershchikov to act as Chairman of the Management Board, and other management board members to include Mr. Jan Schoettelndreier (head of eCommerce Solutions business unit), Mr. Michael Baumann (head of Academics business unit), Mr. Hubert Maurer (head of finance and administration), Mr. Noel Kienzle (head of technology and data security), and Mr. Aston Fallen (head of business development and marketing).

The new management board structure is aimed at improving the quality of executive decision-making as asknet moves into the fast growth stage of its business development. It assigns greater importance to technology and data security through an expanded executive mandate for Mr. Kienzle that now covers the entire asknet AG organization, and introduces the new role of the head of business development and marketing to reflect the increased focus on sales and key accounts management in the asknet AG.

“Over the last several years asknet AG has been restructured into a very efficient and customer-centric organization and is now in a great position to take further investment and support from its majority shareholder, The Native SA, to execute on the long term profitable growth and market consolidation plans”, commented Mr. Tobias Kaulfuss, the Chairman of the Supervisory Board of asknet AG.