The two founders and co-CEOs Konstantin Urban and Alexander Brand, whose contracts will end as scheduled on March 31, 2018, will be stepping down from the Management Board of windeln.de SE to allow for an orderly transition. This is being done under the best of terms between all parties involved.
The contract of Nikolaus Weinberger, CFO and a member of the Management Board, which also expires on March 31, 2018, is being extended until March 31, 2021. The contract of Jürgen Vedie, COO and a member of the Management Board, has a term until June 30, 2019.
We are delighted to have signed a very experienced e-commerce manager in' Matthias Peuckert for the next important phase of our company's development. The Supervisory Board is convinced that it has arranged for the right person to come on board to lead windeln.de SE strategically and operationally successfully into the future. I would like to thank the two founders and co-CEOs Konstantin Urban and Alexander Brand on behalf of the entire company for their outstanding pioneering and development work for windeln.de, which is now an international e-commerce company with more than 200 million euros in sales,'
Willi Schwerdtle, Chairman of the Supervisory Board of windeln.de