Tele Columbus AG, DE000TCAG172

Tele Columbus AG, DE000TCAG172

12.04.2018 - 08:14:37

Tele Columbus announces CFO succession

PRESS RELEASE  

Tele Columbus announces CFO succession

 

Berlin, 12 April 2018. Frank Posnanski (51), since 1 September 2011 Chief Financial Officer (CFO) of the Tele Columbus Group and since 12 September 2014 member of the management board of Tele Columbus AG, will leave the Company at his own request effective 15 July 2018. He will be succeeded as CFO and member of the management board by Mr Eike Walters (39), currently Director Controlling.

Frank Posnanski has decided to leave Tele Columbus AG for personal reasons by 15 July 2018 and to embrace new challenges. As CFO his milestones comprise the financial restructuring, the successful initial public offering (IPO) in 2015 as well as the merger with primacom and pepcom. In this function he significantly contributed to the development of the Tele Columbus Group from a regional provider to a strong nation-wide player.  

"After seven intense and exciting years, I have chosen this moment to embrace new challenges outside of Tele Columbus. I would like to use this opportunity to thank all of my colleagues as well as partners for the excellent cooperation. My best wishes for Eike, who actively accompanied many of our recent milestones and with whom I worked together very closely", comments Frank Posnanski, CFO of Tele Columbus AG.  

Frank Donck, chairman of the supervisory board of Tele Columbus AG highlights: "We truly regret, but accept Frank's decision to leave the Company. In the name of the entire supervisory board I would hereby like to express our gratitude for his extensive commitment. Over the past seven years Frank co-led the Company through challenging times, complex M&A transactions but also the successful IPO. We wish him all the best for his private and professional future. Eike Walters is an experienced finance expert and knows the Company very well. Together with Timm as CEO, the newly formed management team will continue to drive the business and grow the Company going forward."  

Since November 2007, Eike Walters held various leading financial functions at Tele Columbus Group and has been Director Controlling since April 2014. As part of this role, he leads the commercial steering as well as several important strategic projects.  

In this function, the 39-year-old industrial engineer significantly contributed to the successful financial restructuring as well as the IPO of Tele Columbus AG. Furthermore, Eike Walters was intensively involved in the acquisition of pepcom and primacom and has been responsible, amongst other topics, for the identification and steering of synergies.  

The transition period of three months will ensure a smooth handover of responsibilities in the finance department between Frank Posnanski and Eike Walters.  

"My personal thanks go to Frank for his tremendous commitment and his contribution with regard to the success of our Company. At the same time, I am looking forward to a constructive cooperation with Eike, whose commercial expertise and over ten years of commitment to the Company make him the perfect fit as CFO", points out Timm Degenhardt, CEO Tele Columbus AG.  

About us

The SDAX-listed Tele Columbus AG serves 3.6 million homes connected thereby being Germany's third-largest cable network operator. Its brand P?UR stands for simplicity, performance and fairness in relation to TV and telecommunication products. Via its state-of-the-art fibre network P?UR offers high-speed broadband internet including fixed-line telephony as well as more than 250 TV channels on a digital entertainment platform which combines linear TV with streaming services. To its housing association partners P?UR offers flexible models of cooperation and state-of-the-art services such as telemetric and tenant portals. As a full-service partner for municipalities and regional utilities Tele Columbus Group is actively supporting the fibre-based broadband internet expansion in Germany. For its business customers the Group offers carrier services and corporate solutions via its fibre network. Besides its headquarter in Berlin the Company has locations in Hamburg, Leipzig, Ratingen and Unterföhring/Munich. Since January 2015 Tele Columbus AG is traded on the regulated market (Prime Standard) of the Frankfurt Stock exchange and since June 2015 listed in the SDAX.

Contact: Silke Bernhardt Director Corporate Communications Phone +49 (30) 3388 4177 Fax +49 (30) 3388 9 1999 presse@telecolumbus.de www.telecolumbus.com

12.04.2018 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.The issuer is solely responsible for the content of this announcement.The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de

Language: English Company: Tele Columbus AG Kaiserin-Augusta-Allee 108 10553 Berlin

Germany Phone: +49 (0)30 3388 4177 Fax: +49 (0)30 3388 9 1999 E-mail: silke.bernhardt@pyur.com Internet: www.telecolumbus.com ISIN: DE000TCAG172 WKN: TCAG17 Indices: SDAX Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate Exchange   End of News DGAP News Service

673739  12.04.2018 

@ dgap.de

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