CompuGroup Medical Societas Europaea announced that Christian Teig will be departing from his position as Chief Financial Officer effective July 31, 2019. The company has appointed Michael Rauch who will take over as new CFO from August 1st, 2019. Christian Teig will remain for some time at CGM to ensure a smooth transition. The new CFO Michael Rauch comes from the same position in Douglas GmbH, a leading Beauty retailer in Europe with sales of 3.3 billion euro in 21 European countries. During his CFO time Douglas has added more than 500 million euro of sales supported by various acquisitions and has increased operational results by a double-digit percentage. Prior to Douglas he had been working for many years at Henkel, including CFO of Henkel Adhesive and CFO of Henkel Beauty Care division. He has over 20 years of international management experience in finance, having also worked in the U.K., Sweden and China.