Thomas Loock, CFO of Delticom AG, will resign from his position as a member of the Management Board of Delticom AG at the end of the day of the Annual General Meeting (10 May 2022) by mutual agreement with the Supervisory Board. The company, and in particular the entire Management Board, deeply regrets Mr. Loock's resignation and would like to thank him for his outstanding commitment and the successes achieved in the company over the past years. The financial and thus the complete restructuring was completed at the end of January 2022 with the activation of the syndicated loan agreement.
This means that Delticom is fully financed for the next two years. Stringent working capital management and the successful capital increase in the middle of last year have contributed significantly to reducing the company's debt. With the successful sale of the shares in the US subsidiary, the strategic refocusing on online tyre trading in Europe has also been completed.
In connection with the achievement of these strategic goals and the establishment of a good basis for the future, Thomas Loock has decided to take on new professional challenges. The company will fill the position of Chief Financial Officer and has already actively initiated the re-staffing process. After Mr. Loock's resignation in May, Andreas Prüfer will take over Mr. Loock's responsibilities on an interim basis until a new appointment is made.