After the takeover: AVM gets a new boss
The takeover by the investor Imker has been completed: Jan Oeltjen, previously on the Management Board of 1&1 Mail, is to become the new CEO.
(Image: AVM)
Following the takeover by investor Imker Capital Partners, Fritz-Box manufacturer AVM has a new boss: Jan Oeltjen, most recently CEO of 1&1 Mail & Media Applications SE, will succeed AVM co-founder Johannes Nill as CEO and Spokesman of the Management Board. The 51-year-old Oeltjen will take up the post on September 30 and will then form the new AVM management board together with the former Chief Technology Officer and co-founder Peter Faxel and the likewise newly appointed Jan-Christian Werner as Chief Financial Officer. Werner was previously CFO at HRS.
"I am very much looking forward to taking over the management of AVM and continuing the company's success story together with the proven team", said Oetjen. "Innovation, strengthening our market leadership in Germany and making greater use of our international potential will be our key objectives." According to AVM, he has 20 years of experience in the IT industry and was responsible for the e-mail providers Web.de and GMX as well as the advertising marketer United Media, among others.
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The takeover by the Luxembourg investment company Imker was announced in July and completed in September. The founders and previous owners will retain a minority stake and will officially remain shareholders and members of the advisory board. The takeover price was not disclosed, but according to Handelsblatt, financial circles valued the company at between 750 million and one billion euros. In 2023, 890 employees at AVM generated a turnover of 580 million euros, and in 2022 profits are expected to have amounted to 80 to 90 million euros.
(axk)
