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After a long search the AVM founders did as planned in July sold the majority of their shares in the Berlin company. Now the manufacturer known for its Fritz!Box routers is also presenting a new CEO. Starting next Monday, Jan Oetjen will succeed Johannes Nill, one of the founders.
The 51-year-old Jan Oetjen was most recently CEO of 1&1 Mail & Media Applications SE.
“I am very much looking forward to taking over the management of AVM and continuing the company’s success story together with the proven teamOetjen announced in a press release. “Innovations, strengthening our market leadership in Germany and greater exploitation of international potential“ are at the top of the agenda.
The CFO is also no longer a founder
In addition to the new CEO, AVM also announced a new appointment to the position of Chief Financial Officer (CFO). Jan-Christian Werner, who was most recently CFO of the HRS Group, will be CFO. At the same time, another co-founder, Ulrich Müller-Albring, is leaving the management team at AVM.
Founder Peter Faxel remains on board
With Peter Faxel, only one of the four co-founders, three of whom worked as managing directors until recently, remains with the company. Faxel will continue to fulfill the role of Chief Technology Officer (CTO).
AVM should become more international
AVM announced in July that Rucio Investment and Imker Capital Partners would take over a majority stake in the company from the founders. The holding company Rucio Investment S.à rl The investment company is based in Luxembourg Beekeeper Capital again in the United Kingdom. The takeover of AVM is being brought into being indirectly by the company Spree 24 Beteiligung GmbH take place.
With the new investor behind it, AVM is striving for growth through new products and increased internationalization. The founders of AVM will remain in the company with a minority share as shareholders and as an advisory board member.
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