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Passing of the baton at init SE’s Managing Board - Seite 2

“Since 2004, the init group has been able to raise its revenue from EUR 30 million to over EUR 200 million. It was with great pleasure that I had the privilege to help shape, together with my colleagues on the Managing Board, the successful strategy of init over the last two decades. For private reasons, I have come to the decision to take things a little slower. Nevertheless, I would be happy to continue to offer my knowledge and experience to the company to support its continued growth from a new position. I would like to take this opportunity to very warmly thank the Supervisory Board, the Managing Board, the employees, customers and business partners for the successes we have notched up together”, adds Dr. Jürgen Greschner.

His successor, Martin Timmann can also look back on many successful years in the field of mobility solutions. As the spokesman of the management of HanseCom Public Transport Ticketing Solutions GmbH (since 2013) he has been responsible for the expansion strategy that led to HanseCom more than tripling its revenues since being acquired by init. Nowadays HanseCom is the supplier of a ticketing back-office system for nearly all major German-language public transport operators, such as Berlin, Hamburg and Vienna. With over 2 million mobile users, the company is also a partner to more than 60 public transport operators in Germany, Austria and Switzerland, making it the leading provider of ticketing via mobile devices.

“Thanks to his qualifications and more than 20-years of experience in international sales of public transport software products, Martin Timmann is a logical successor to the position of Chief Sales Officer. Since HanseCom became part of the init group, it has realized numerous smart ticketing projects. We are happy that many more projects are being added around the world, for we see enormous growth potential in this promising field, especially in North America,” says the founder and Chairman of the Managing Board, Dr. Gottfried Greschner.

 

Contact:
Person making the notification:
Simone Fritz
Investor Relations
[e-mail]

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08.04.2024 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group AG.
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