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12|05|2011 11:51 am EDT

Tim Schumacher To Resign as Sedo’s CEO

by Frank Michlick in Categories: People

Sedo co-founder Tim Schumacher to resign as CEO and transition to board of directors, Tobias Flaitz to become new CEO

Cologne, Germany: The board of Sedo Holding AG has named Tobias Flaitz as the new CEO of Sedo. On February 1, 2012, he will succeed Sedo’s current CEO and co-founder, Tim Schumacher, who’s transitioning to the board of Directors.

Tim SchumacherTim Schumacher co-founded Sedo in 2001, together with Marius Würzner, Ulrich Essmann and Ulrich Priesner. He led Sedo to become the world’s preeminent domain trading and parking platform. In 2007, he was named “Entrepreneur of the Year” by Ernst & Young Germany. In 2009, he became CEO of Sedo Holding AG, which is comprised of Sedo’s domain business and ‘affilinet’, one of Europe’s leading affiliate marketing platforms.

Tobias Flaitz

Incoming CEO, Tobias Flaitz, has more than 13 years of professional experience including eight years in strategic business consulting and five at Burda, one of Germany’s leading media companies. He holds a Master of Science in Chemical Engineering (Stuttgart, Germany and Seville, Spain) and a Master of Business Administration (MBA) from the University of St.Gallen, Switzerland, and Berkeley, USA.

“On behalf of the supervisory board, I would like to thank Tim Schumacher for the excellent and trusted cooperation over the past eleven years, for his passion and the great accomplishments he has attained for the company. He founded and led Sedo from being a start-up to the world’s largest marketplace for domains and the leading domain parking company,” said Michael Scheeren, Chairman of the board. “We are looking forward to the continued cooperation with Tim Schumacher as a member of the board. With Tobias Flaitz, we are very happy to appoint a renowned Internet executive who brings multi-year experience in consulting and process optimization and will drive Sedo’s further expansion during the coming years.”

[via Press Release]

Disclaimer: DNN’s Frank Michlick is a consultant for Sedo for DomainCocoon.

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