ADN1 ADESSO AG

DGAP-News: Continuity for the successful business development of the adesso Group: contract with CEO Michael Kenfenheuer extended until 2023

DGAP-News: adesso SE / Key word(s): Personnel
Continuity for the successful business development of the adesso Group: contract with CEO Michael Kenfenheuer extended until 2023

29.04.2021 / 09:01
The issuer is solely responsible for the content of this announcement.


Continuity for the successful business development of the adesso Group: contract with CEO Michael Kenfenheuer extended until 2023

The Supervisory Board of adesso SE has extended its Executive Board contract with long-serving CEO Michael Kenfenheuer (62). Kenfenheuer's contract was originally set to expire at the end of 2021. As a result, the experienced manager will continue to help oversee the further business development of adesso Group until 31 December 2023 in his position as CEO and a member of the successful Executive Board. In his over 20 years of service to the Executive Board since 2000, Kenfenheuer has played an instrumental role in adesso's development to become a leading consulting and technology firm for industry-specific business processes in central Europe. Before taking over as CEO in mid-2015, Kenfenheuer acted as Co-Chairman of the Executive Board from 2011 to mid-2015. Under his leadership, the company developed and established the in|sure Ecosphere on the market as a product family for the insurance sector. As part of his Executive Board responsibility for the Banking division, Kenfenheuer helped to launch a further core industry product in 2020. Today, adesso also develops and markets a new core banking system in the German-speaking market.

Prof. Dr. Volker Gruhn, Chairman of the Supervisory Board and main shareholder of adesso SE, is pleased that Kenfenheuer has been confirmed as CEO to oversee the next phase in the company's development: "Michael Kenfenheuer knows our goals, strengths and challenges like no other. I am therefore certain that he is the right match for this extremely important strategic position for adesso, and that we have equally been able to strengthen the Executive Board team in the long term in recent years for adesso's further success."

 

adesso Group

With about 5,000 employees and annual sales of EUR 523.4 million in 2020, adesso Group is one of the largest German IT service providers with outstanding growth opportunities. At its own locations in Germany, other locations in Europe and Turkey as well as at numerous local customers adesso offers consulting and software development services for optimising core business processes. adesso also offers ready-to-use software products for standard applications. The development of an own, industry-specific product portfolio opens up additional growth and earnings opportunities and is another key element of the adesso strategy. In 2020, adesso was awarded the title of the best employer of its size in Germany across all industries. After having already achieved first place among IT employers in 2016 and 2018, adesso was ranked first again in 2020.




Contact:
Martin Möllmann
Manager Investor Relations
Tel.: 00
E-Mail:


29.04.2021 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


Language: English
Company: adesso SE
Adessoplatz 1
44269 Dortmund
Germany
Phone: 00
Fax: 00
E-mail:
Internet: -group.de
ISIN: DE000A0Z23Q5
WKN: A0Z23Q
Listed: Regulated Market in Frankfurt (General Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate Exchange; London
EQS News ID: 1190143

 
End of News DGAP News Service

1190143  29.04.2021 

fncls.ssp?fn=show_t_gif&application_id=1190143&application_name=news&site_id=research_pool
EN
29/04/2021

Underlying

To request access to management, click here to engage with our
partner Phoenix-IR's CorporateAccessNetwork.com

Reports on ADESSO AG

Adesso SE: 1 director

A director at Adesso SE bought 1,625 shares at 61.492EUR and the significance rating of the trade was 60/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly show...

Nicolas David ... (+2)
  • Nicolas David
  • Nicolas Thorez

ODDO : Shift to more favourable cycle to ease AI pressure on sector va...

While we do not deny the uncertainties and risks associated with artificial intelligence (pricing pressures, organisational change, etc.), we remain constructive on this issue, given the significant volume opportunities in prospect for the sector with the integration of agentic AI. Moreover, improving growth momentum in 2026 should reduce pressure on sector valuations (discount >30% vs Stoxx 600 vs a premium of 10% four years ago). On this basis, we have upgraded Bechtle (Outperform vs Neutral),...

Nicolas David ... (+2)
  • Nicolas David
  • Nicolas Thorez

ODDO : L’entrée dans un cycle plus favorable devrait réduire la pressi...

Sans nier les incertitudes et risques liés à l’IA (pressions tarifaires, changements organisationnels, etc.), nous restons constructifs sur cette thématique tant les opportunités de volumes autour de l’intégration de l’IA agentique sont importantes pour le secteur. D’autant plus que l’amélioration de la dynamique de croissance en 2026 devrait permettre de réduire la pression sur les valorisations du secteur (décote >30% vs Stoxx 600 contre une prime de 10% il y a 4 ans). Dans ce contexte, nous r...

ResearchPool Subscriptions

Get the most out of your insights

Get in touch