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    EXL   DE000A0LR9G9

EXASOL AG

(EXL)
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PRESS RELEASE : EXASOL AG Announces Changes to its Leadership Structure

10/15/2021 | 02:01am EST

DGAP-News: EXASOL AG / Key word(s): Strategic Company Decision EXASOL AG Announces Changes to its Leadership Structure (news with additional features) 2021-10-15 / 08:00 The issuer is solely responsible for the content of this announcement.

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Exasol Announces Changes to its Leadership Structure . Chief Commercial Officer Donald Kaye joins to lead Go-To-Market functions . Global functions and leadership streamlined to optimize effectiveness and agility

Nuremberg, Germany - 15 October 2021 - Exasol, the high-performance analytics database, today announced changes to the leadership structure of the organization. With the arrival of Donald Kaye, who joins as Chief Commercial Officer, the extended executive leadership team has been completed. In his role as CCO, Donald Kaye will assume the overall responsibility for managing and integrating all go-to-market functions, in particular sales, customer support, customer success management, and all marketing-related disciplines.

CEO Aaron Auld will continue to focus on actively shaping Exasol's corporate strategy and business model, as well as being responsible for Corporate Communications and the management of key business relationships. CTO Mathias Golombek will take over global Product Management in addition to leading the Research and Development (R&D) efforts. CFO & COO Jan-Dirk Henrich will continue to lead the Finance, IR, Legal, and HR functions and will additionally assume responsibility for internal IT operations.

The reorganization of responsibilities in the extended executive leadership team is accompanied by a streamlining of the go-to-market organization, which includes a relocation of global functions from the U.S. to Europe to ensure better integration with product development, R&D, and internal functions. This will also result in the departure of three members of the current leadership team. The commercial organization in the US, including local sales, customer service and field marketing, remains in place to support the continued growth in the U.S. market, a strategic region for Exasol.

Aaron Auld, CEO of Exasol, said, "As a company with high growth ambitions in a rapidly changing competitive environment, we need to regularly review our organizational structure and readjust where necessary. We are convinced that the relocation of core global functions to Europe, as well as the re-alignment of areas of responsibilities within the extended executive leadership team will strengthen our organization and improve agility and cross-functional collaboration." About Exasol

Exasol was founded in 2000 with the vision to transform how organizations use data. Today, Exasol's analytics database - the fastest in the world - is trusted by the world's most ambitious organizations. With offices in several locations across the US and Europe, Exasol is committed to delivering flexible, scalable and powerful analytics solutions to customers wherever they are, in the cloud or on-premises. Exasol - accelerating insights from the world's data. Learn more at:?www.exasol.com?and follow us on social media:?LinkedIn?and?Twitter PR Contact: Carla Gutierrez, Global Head of Communications at Exasol Email: Carla.gutierrez@exasol.com

IR Contact: Stefanie Winkler, Investor Relations Assistant at Exasol Email: stefanie.winkler@exasol.com

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Additional features: File: Exasol Organization & Leadership Structure

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2021-10-15 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de

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Language:     English 
Company:      EXASOL AG 
              Neumeyerstraße 22-26 
              90411 Nuremberg 
              Germany 
Internet:     www.exasol.com 
ISIN:         DE000A0LR9G9 
WKN:          A0LR9G 
Listed:       Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt (Scale), Hamburg, Munich, Stuttgart, 
              Tradegate Exchange 
EQS News ID:  1240974 
 
End of News   DGAP News Service 
=------------ 

1240974 2021-10-15

Image link: https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=show_t_gif&application_id=1240974&application_name=news

(END) Dow Jones Newswires

October 15, 2021 02:00 ET (06:00 GMT)

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Sales 2021 30,2 M 34,1 M 34,1 M
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Aaron Auld Chief Executive Officer
Jan-Dirk Henrich Chief Operating & Financial Officer
Jochen Tschunke Chairman-Supervisory Board
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