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Teamviewer extends contract with CEO

2021-10-18T05:04:15.011Z


The software provider Teamviewer, which is under pressure on the stock exchange, is looking for a new CFO. The previous CFO Stefan Gaiser will leave the company by mutual agreement when his contract expires in 2022. "In order to ensure a smooth transition, the Supervisory Board has already initiated the process of looking for a successor," announced the company listed in the MDax on Sunday evening .


The software provider Teamviewer, which is under pressure on the stock exchange, is looking for a new CFO.

The previous CFO Stefan Gaiser will leave the company by mutual agreement when his contract expires in 2022. "In order to ensure a smooth transition, the Supervisory Board has already initiated the process of looking for a successor," announced the company listed in the MDax on Sunday evening .

Göppingen - CEO Oliver Steil, however, is allowed to stay.

His contract will be extended until October 2024.

Both managers came under fire from investors after the share price fell in recent weeks and months.

The company's market capitalization, which has been listed on the stock exchange for around two years, fell this year by almost 70 percent to 2.8 billion euros.

The reasons for this were, among other things, doubts about the growth prospects and sports sponsorship agreements, which are reducing profitability.

dpa

Source: merkur

All news articles on 2021-10-18

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