Init innovation in traffic systems SE: Personalia / New CFO appointed - first female member of the init Managing Board
August 23, 2018 at 05:45 am EDT
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DGAP-Ad-hoc: init innovation in traffic systems SE / Key word(s): Change of Personnel
init innovation in traffic systems SE: Personalia / New CFO appointed - first female member of the init Managing Board
23-Aug-2018 / 11:39 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
Karlsruhe, 23 August 2018. The Supervisory Board of init innovation in traffic systems SE (ISIN DE 0005759807) has appointed a new Chief Financial Officer. Jennifer Bodenseh will assume the role with effect from 1 October 2018, succeeding Dr. Hans Heribert Bäsch who, as stated in the ad hoc announcement dated 12 July 2018, is leaving the company by mutual agreement to pursue new professional challenges.
Mrs. Bodenseh began her career at init in 2009, and as an Executive Director has to date already headed up the Financial Services department, including the Accounting, Information Management and Controlling teams. She has also already taken on the duties of CFO when deputising due to illness. She was also responsible for the ongoing development and introduction of internal systems and for implementing acquisition projects.
"Jennifer Bodenseh has established herself in recent years as a finance expert, and as a member of the inner management circle has already made a considerable contribution to successful decisions. We are delighted by her appointment, not only because she is the first female member of the Managing Board of init innovation in traffic systems SE but also because she is a manager who has been trained at init", said the Supervisory Board on its decision.
Contact:
Person making the notification:
Simone Fritz
Investor Relations
ir@initse.com
23-Aug-2018 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de
Language:
English
Company:
init innovation in traffic systems SE
Käppelestraße 4-10
76131 Karlsruhe
Germany
Phone:
+49 (0)721 6100 0
Fax:
+49 (0)721 6100 399
E-mail:
ir@initse.com
Internet:
www.initse.com
ISIN:
DE0005759807
WKN:
575980
Listed:
Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate Exchange
init innovation in traffic systems SE is a Germany-based provider of solutions to the public transport industry. The Company develops and supplies integrated planning, dispatching, telematics and ticketing systems for buses and trains. The Company's solutions for planning, operating and optimizing public transportation include intermodal transport control systems, real time passenger information, electronic ticketing, planning and dispatching and automatic passenger counting. It operates through subsidiaries in Austria, Germany, the United States, Canada, the United Arab Emirates, Finland, the United Kingdom, Switzerland and Singaport, including INIT GmbH, initplan GmbH, INIT Inc and initperdis GmbH.