03/23/2021

creditshelf: Management board continuity - Co-founders confirmed in office until end of 2023

DGAP-News: creditshelf: Management board continuity - Co-founders confirmed in office until end of 2023

DGAP-News: creditshelf Aktiengesellschaft / Key word(s): Personnel
23.03.2021 / 19:04
The issuer is solely responsible for the content of this announcement.

creditshelf: Management board continuity - Co-founders confirmed in office until end of 2023

  • Management Board contracts with co-founders Dr. Tim Thabe and Dr. Daniel Bartsch extended until end of 2023
  • Dr. Mark Währisch decides of his own accord not to prolong his contract
  • Strengthening of second-tier management over the past 24 months is the basis for growth and further enhancement of the creditshelf platform

Frankfurt am Main, March 23, 2021 ‒ In today's meeting, creditshelf Aktiengesellschaft's Supervisory Board extended the Management Board contracts for the company's two co-founders until December 31, 2023. Dr. Tim Thabe and Dr. Daniel Bartsch will continue to lead the company as the Management Board with the support of the strong second-tier management team. Dr. Mark Währisch of his own accord will not prolong his management board contract and will leave the company on April 30, 2021.

The division of responsibilities on the Management Board, which will comprise two people going forward, will not change in principle: As in the past, Dr. Tim Thabe will act as the CEO and Dr. Daniel Bartsch as the COO. The two founders will be assisted by creditshelf's experienced second-tier management team, which focuses on technology, finance, product development, and marketing. As a result, the company considers itself to be well-positioned for further sustainable growth.

After five years at creditshelf, Dr. Mark Währisch has decided not to prolong his Management Board contract any further and will leave the company when his current contract expires at the end of April. Dr. Währisch had been creditshelf's Chief Risk Officer and a Management Board member since May 2016 and made a significant contribution to the company's successful development. Among other things, he played a leading role in the development of the technology-driven risk analysis system and was one of the people responsible for creditshelf's successful IPO in July 2018.

Rolf Elgeti, creditshelf's Supervisory Board Chairman, commented on the contract extensions as follows: I am delighted that the company's two co-founders, Dr. Tim Thabe and Dr. Daniel Bartsch, are remaining on board in the coming years. Not only is this what the Supervisory Board wanted, but it also sends an important signal to shareholders, partners, and staff. The two co-founders' passion for and commitment to their company have been a key factor in its success to date, and are the foundations for its successful future. At the same time, I would like thank Dr. Mark Währisch for his outstanding work and wish him all the best for the future."

Dr. Tim Thabe, CEO of creditshelf, said: "I would like to thank the Supervisory Board for its vote of confidence and welcome the chance to continue working with my Management Board colleague Daniel Bartsch and the entire team on state-of-the-art, digital SME financing. My personal thanks go to Mark Währisch: We can be proud of our achievements to date and much would not have been possible without your hard work, expertise, and creativity."

"The Management Board has consolidated and enhanced creditshelf's structures in recent years," added COO Dr. Daniel Bartsch. "The challenge now is to leverage the opportunities offered by the digital SME financing market and to maintain our existing growth trajectory. As the company's co-founders, we are delighted that we can actively continue shaping its development."
 

Corporate Communications:

creditshelf Aktiengesellschaft
Jan Stechele (CPO)
Birgit Hass (Head of PR)
Mainzer Landstrasse 33a
60329 Frankfurt
Germany
Tel.: +49 (69) 348 77 2413
presse@creditshelf.com
www.creditshelf.com

Investor Relations:

creditshelf Aktiengesellschaft
Fabian Brügmann (CFO)
Maximilian Franz (Investor Relations Manager)
Mainzer Landstrasse 33a
60329 Frankfurt
Germany
Tel.: +49 69 348 719 113
ir@creditshelf.com
ir.creditshelf.com


About creditshelf

ir.creditshelf.com

creditshelf is the leading credit platform for digital SME finance in Germany. Founded in 2014 and headquartered in Frankfurt am Main, the company arranges bank-independent, flexible financing solutions via its constantly growing network. creditshelf caters to complementary needs: SME entrepreneurs gain easy access to attractive alternative financing solutions, institutional investors can invest directly in German SMEs, and the company's partners can support their clients as innovative providers of new credit solutions. creditshelf's business model revolves around its unique, data-driven risk analysis and unbureaucratic, fast digital processes. creditshelf covers the entire value chain: Its platform is used to select suitable credit projects, analyze potential borrowers' credit quality, perform credit scoring, and price risk adequately. The company receives fees from both borrowers and investors for these services.

creditshelf has been listed on the Frankfurt Stock Exchange's Prime Standard segment since 2018. The experts making up its team have many years' experience of SME financing and are trusted partners and visionaries for building tomorrow's businesses.



23.03.2021 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.

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