Tim Schumacher Resigns As Sedo CEO; Moves Up to Supervisory Board
Tim Schumacher, one of four co-founders of Sedo back in 2001, has announced he will be resigning as the company’s CEO and Board of Management on 31 December for “personal reasons.”
The company has already announced a new CEO and member of the management board, Tobias Flaitz who previously worked with Hubert Burda Media, as the new CEO/member of the Management Board of Sedo. Flaitz will commence in his new position with Sedo on 1 February, 2012.
At the next Annual General Meeting 2012 the Supervisory Board is due to be newly elected. In a proposal by United Internet AG, the Supervisory Board intends to propose Tim Schumacher as a new member of the Supervisory Board.
Tim Schumacher co-founded Sedo in 2001, together with Marius Würzner, Ulrich Essmann and Ulrich Priesner, and led the company to become the global leader in domain trading. In 2007, he was named “Entrepreneur of the Year” by Ernst & Young Germany. In 2009, he became CEO of Sedo Holding AG, which is comprised of Sedo’s domain business and ‘affilinet’, one of Europe’s leading affiliate marketing platforms.