Thomas Vollmoeller named new Chief Executive Officer (CEO) of XING AG
Hamburg, May 8, 2012 -- Thomas Vollmoeller, 52, currently the acting CEO of the Swiss-based company Valora Holding AG, has today been appointed to the Board of Directors of XING AG, effective as of August 15, 2012. He will take up his position as CEO no later than January 15, 2013. Stefan Groß-Selbeck, CEO of XING AG since January 2009, will not renew his contract in order to pursue new professional challenges.
“We would like to thank Stefan Groß-Selbeck for the highly successful advancement of XING AG in the last few years. Under his stewardship, XING has expanded its market-leading position in the German-speaking region and posted strong growth in memberships, revenues and profits. With Thomas Vollmoeller, we have found an outstanding successor who will bring to bear his expertise and experience in managing dynamic, customer-oriented companies – and who will usher in the next growth phase,” says Neil Sunderland, Chairman of the Supervisory Board of XING AG.
After completing his studies, Vollmoeller spent ten years working for McKinsey & Co. in Hamburg and Düsseldorf. From 1997, he held various positions at Tchibo GmbH, most recently as a member of the board in charge of the entire Non Food division. During his time at Tchibo, Thomas Vollmoeller was responsible for the successful development of the company’s e-commerce business activities. In 2008, he went to work for the Valora Group, taking on the position of the company’s CEO. During his time there, he created a basis for new growth through numerous acquisitions.
Groß-Selbeck is leaving XING AG at his own request upon expiry of his contract in January 2013. Under his stewardship, XING AG expanded its leading position in German-speaking Europe to reach over 5.5 million members. With the successful launch of new products in the areas of e-recruiting, advertising and events, revenues in these areas nearly tripled. As CEO, he oversaw the acquisition of amiando AG, the growth of the number of employees from approximately 160 to over 450, as well as the company’s initial listing in the TecDax. During his tenure, XING AG also nearly doubled its enterprise value.
XING is the social network for business professionals. More than 11 million members worldwide use XING to boost their business, job, and career. XING is a platform where professionals from all kinds of different industries can meet up, find jobs, colleagues, new assignments, cooperation partners, experts and generate business ideas. Members can meet and exchange views in over 50,000 specialist groups, while also getting together at networking events. The platform is operated by XING AG, which was founded in Hamburg, Germany, in 2003, has been publicly listed since 2006, and listed on the TecDAX since September 2011. In December 2010, XING acquired amiando AG, a Munich-based company and Europe’s leading provider of online event management and ticketing. Please visit www.xing.com for more information.