cash.life AG
cash.life AG: Frank Alexander de Boer reappointed as CEO
cash.life AG / Key word(s): Change of Personnel Pullach – The supervisory board of cash.life AG and its CEO Frank Alexander de Boer have agreed on an early contract renewal. De Boer was reappointed as cash.life's CEO until 2014. At the beginning of 2008 Mr. de Boer took over the position as CEO of cash.life and led the pioneer of the German Secondary Life insurance market through the most turbulent phase in company history. After a record loss of nearly 20 million euro in 2008 and a takeover by the private equity investor Augur Capital, cash.life's development stabilized. 2011 cash.life again paid out a dividend to its shareholders, the first after several years. Supported by its major investor, cash.life now focuses on the diversification of its business model. In 2010 the affiliate max.xs financial services AG was founded. max.xs is a full service sales organization that acts as outsourcing partner for providers of financial products. 'The development of max.xs with its innovative business model has picked up speed and demands close management attention' says de Boer, who will also remain CEO of the company situated in Frankfurt/Main, Germany. With de Boers reappointment the supervisory board guarantees continuity at Board level. Second member of the executive board is Franz Schmidpeter who is responsible for the secondary life insurance business. End of Corporate News 23.03.2012 Dissemination of a Corporate News, transmitted by DGAP – a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. DGAP’s Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de |
Language: | English | |
Company: | cash.life AG | |
Zugspitzstr. 5 | ||
82049 Pullach | ||
Germany | ||
Phone: | +49 (0)89 286-953-213 | |
Fax: | +49 (0)89 286-953-219 | |
E-mail: | ir@cashlife.de | |
Internet: | www.cashlife.de | |
ISIN: | DE0005009104 | |
WKN: | 500910 | |
Listed: | Regulierter Markt in Berlin, Frankfurt (General Standard), Hannover; Freiverkehr in Düsseldorf, Hamburg, München, Stuttgart | |
End of News | DGAP News-Service |
162034 23.03.2012 |