PTA-News: 3U HOLDING AG: Announcement of management changes in the 3U HOLDING Group
Joint press release of 3U HOLDING AG and weclapp SE

Friday, 29. October 2021 09:30

Business news for the stock market

Marburg (pta012/29.10.2021/09:30) -
* Michael Schmidt will move from the Executive Board of weclapp SE to its Supervisory Board
* Christoph Hellrung is appointed CFO of weclapp SE and resigns from his position as CFO of 3U HOLDING AG
* Uwe Knoke is appointed CFO of 3U HOLDING AG

Marburg and Frankfurt/M., Germany, 29 October 2021 – The Supervisory Board of 3U HOLDING AG (ISIN DE0005167902) as well as the Supervisory Board of weclapp SE, a subsidiary of 3U HOLDING AG, intend, in agreement with the executives involved, and as part of the preparations for the possible IPO of weclapp SE, to make several personnel changes in the executive bodies of both companies. Accordingly, the following changes are planned:

Michael Schmidt, initially managing director of weclapp GmbH since its foundation, today CFO of the current weclapp SE, will resign from his office and will stand as a further member of the supervisory board at a general meeting yet to be convened. He will remain CEO of 3U HOLDING AG.

The new CFO of weclapp SE will be Christoph Hellrung. After almost 10 years as CFO of 3U HOLDING AG, Christoph Hellrung will resign from his position there and take over this task at weclapp SE. The new CFO of 3U HOLDING AG will be Uwe Knoke, previously CEO and CFO of 3U TELECOM GmbH and other telephony companies of the 3U Group for many years.

The agreement will be implemented as soon as possible by means of the respective required resolutions, appointments and management contracts. It has specifically to be seen in the context of a possible IPO of weclapp SE, which might occur in the first half of 2022, and is an important step to meet the increasingly high requirements of the capital market regarding the ESG standards (Environmental, Social and Governance) of stock exchange candidates, in particular with regard to corporate governance. It confirms the independence of the strategic and operative development of the stock market candidate weclapp SE within the 3U HOLDING group.

The Chairman of the Supervisory Board, Ralf Thoenes, emphasises: "We are always aware of our responsibility for the shareholders of 3U and for the existing and future shareholders of weclapp. We are realigning the management team in line with generally accepted governance standards and principles especially with a view to a possible IPO, which eventually might provide the means to further accelerate the profitable growth of weclapp SE and open up an interesting investment opportunity for investors."


emitter: 3U HOLDING AG
address: Frauenbergstraße 31-33, 35039 Marburg
country: Germany
contact person: Dr. Joachim Fleing
phone: +49 6421 999-1200

ISIN(s): DE0005167902 (share)
stock exchanges: regulated market in Frankfurt; free market in Stuttgart, free market in Munich, free market in Hamburg, free market in Dusseldorf; open market in Berlin, Tradegate

[ source: ]

Related Links: 3U HOLDING AG