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AURELIUS EQUITY OPPORTUNITIES SE & CO. KGAA

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AURELIUS Equity Opportunities : subsidiary European Imaging Group with two important changes in the management

09/01/2021 | 06:12am EST
AURELIUS subsidiary European Imaging Group with two important changes in the management
  • Frank Hasselmann becomes CEO of Calumet in Continental Europe
  • CFO Philipp Linge additionally accedes the position of the group's chief purchasing officer (CPO)
  • Richard Glatzel remains chairman of EIG's board of directors

Munich/London, 1. September 2021 - AURELIUS Equity Opportunities SE & Co. KGaA (ISIN DE000A0JK2A8) has announced two important changes of management positions at its affiliate European Imaging Group (EIG), effective 1. September: Frank Hasselmann will take over as CEO of Calumet in Continental Europe and join the EIG board. Frank Hasselmann has served as MD at Galaxus Germany for the past three years. Prior to that he was director of Linde's retail business in the DACH-region. As an expert in the electronic online retail business Hasselmann will especially take care of further strengthening Calumet's position as platform for photo and video equipment in continental Europe.

Moreover, AURELIUS has found a suitable candidate for the vacant position of the European imaging Group's purchasing officer (CPO): The long-time CFO of Calumet in continental Europe, Philipp Linge, will additionally take over the position of the group's CPO, also effective 1. September. In his new role Philipp Linge will especially concentrate on broadening EIG's own brand portfolio and exploiting synergies in the supply chain.

Richard Glatzel remains chairman of EIG's board of directors and will focus his efforts on group wide initiatives including organic and inorganic growth activities.

In May AURELIUS has launched the European Imaging Group as umbrella brand for all its photo and video businesses. The holding company is Europe's leading multi-channel vendor of photographic and video equipment, catering to enthusiasts and professionals alike. EIG has an excellent reputation for independant consulting and a broad portfolio of new and second hand products and own-label brands.As a result of the resilient business model, EIG succeeded in sustaining its strong position during the corona pandemic and further growing. Operating in the United Kingdom, Germany, Belgium and the Netherlands, EIG sells a huge range of products online (esp. via: www.wex.co.uk, www.calumetphoto.de, www.foto-video-sauter.de) and via its 24 stores staffed by industry experts.

EIG controls the AURELIUS subsidiaries; Calumet and Wex Photo Video, with its operative brands Fixation (repair specialist) and Sauter (photographic and video retailer) as well as its product brands Bowens (lighting for professional photographers) and Brilliant (high-quality paper line for fine-art prints). Calumet was acquired by AURELIUS in 2016, Wex Photo Video in 2017 and Foto-Video Sauter at the end of 2018.

You can find the European Imaging Group website here: https://european-imaging-group.com/

Disclaimer

AURELIUS Equity Opportunities SE & Co. KGaA published this content on 01 September 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 01 September 2021 10:11:03 UTC.


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P/E ratio 2021 15,6x
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Dirk Markus Chairman-Executive Board
Matthias Tńubl Chief Executive Officer
Richard Schulze-Muth Chief Financial Officer
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