Monday, December 5, 2011

Tim Schumacher leaves Sedo, Tobias Flaitz takes the Helm

Online domain marketplace Sedo announced on Monday that its supervisory board has named Tobias Flaitz, previously with Hubert Burda Media, as the new CEO and member of the management board of Sedo.
Tobias Flaitz, new Sedo CEO

 On February 1, 2012, he will succeed Sedo’s current CEO and co-founder, Tim Schumacher, who is leaving the board of management as of December 31 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, the supervisory board intends to propose Schumacher as a new member of the supervisory board.

Schumacher co-founded Sedo in 2001, together with Marius Würzner, Ulrich Essmann and Ulrich Priesner and in 2009 he became CEO of SEO Holding, which is comprised of Sedo’s domain business and European affiliate marketing platform affilinet.

Flaitz worked successfully for many years as a consultant for Accenture as well as Booz & Co. in the USA and EMEA.

Since 2007 Tobias Flaitz held a management position in strategy and business development with Hubert Burda Media in Munich.

"On behalf of the supervisory board, I would like to thank Tim Schumacher for the many years of excellent and trustful cooperation, for his personal commitment and the great accomplishments he has attained for the company," said Michael Scheeren, chairman of the supervisory board. "He founded and led Sedo from being a start-up to the world’s largest marketplace for domains and the leading domain parking company. We are delighted that Tim Schumacher will be available for further cooperation within the supervisory board. At the same time, we are delighted to have obtained the services of Tobias Flaitz, as an experienced manager with competence in digital business models and consulting expertise in strategy development and process optimization, who will drive Sedo’s further expansion during the coming years."

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