Intershop Expands Management Board and Strengthens Cloud Focus

Jena, Germany, 13 February, 2017 – Intershop Communications AG (ISIN: DE000A0EPUH1), a leading provider of e-commerce solutions, today announced changes to its Management Board. As of April 9, 2018, Markus Klahn will join the current Management Board of Dr. Jochen Wiechen and Axel Köhler as COO (Chief Operating Officer). As such, Mr. Klahn will be responsible for the Company’s services portfolio.

Intershop customers are increasingly realizing their digitization projects on the basis of a cloud solution and related services. Accordingly, the further development of this segment is to be driven forward. This includes both the range of services offered and the adaptation of business processes for a cloud-driven business model.

Christian Oecking, Chairman of the Supervisory Board of Intershop Communications AG, comments: "In addition to the further development of Intershop's leading commerce platform and the support of digitization projects for customers worldwide, Intershop is currently undergoing a systematic transformation towards cloud business. The strengthening of the Management Board in this respect not only reflects the growing importance of the cloud business, but will also continue to support the Company's own transformation process ".

Dr. Jochen Wiechen, Intershop's Chief Executive Officer, said: "We are pleased to have the support we need, both in quickly bringing new customers onto the Azure platform and in adapting processes for a cloud-driven business model. Both will help to build on and accelerate the success we have achieved."

Axel Köhler, CSO (Chief Sales Officer) will focus on developing new and existing customer business in order to achieve the Company's ambitious objectives in terms of growth. He will be responsible for sales and marketing, driving forward the positioning of the cloud offering in the market.

With Markus Klahn, Intershop has gained an experienced sales and market expert for the management, particularly in terms of the market positioning of software solutions. As such, he will complement the Management Board team with his experience from previous management positions in medium-sized software companies. Prior to joining Intershop Communications AG, he was a member of senior management at Proalpha, an ERP provider, and most recently at Jaggaer, a pure SaaS provider in the procurement sector.

About Intershop

Intershop (founded in Germany 1992; Prime Standard: ISHA) enables the world’s leading manufacturers and wholesalers to digitalize, transform, and boost their businesses. Our e-commerce platform and cloud-based technology give B2B companies the power to establish and expand their digital presence, improve customer experience, and increase online revenue. With 30 years experience and a global presence, we help our 300+ clients turn products into profits, customers into business partners, and transactions into lasting relationships.

Intershop is built to boost your business. Learn more at www.intershop.com.

 

This news release contains forward-looking statements regarding future events or the future financial and operational performance of Intershop. Actual events or performance may differ materially from those contained or implied in such forward-looking statements. Risks and uncertainties that could lead to such difference could include, among other things: Intershop's limited operating history, the unpredictability of future revenues and expenses and potential fluctuations in revenues and operating results, significant dependence on large single customer deals, consumer trends, the level of competition, seasonality, risks related to electronic security, possible governmental regulation, and general economic conditions.

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