Jena, Germany, May 16, 2013 – Leading e-commerce solutions provider Intershop Communications AG (ISIN: DE000A0EPUH1), today announced changes in the Board of Management. Effective August 1, Dr. Jochen Wiechen will join Jochen Moll and Ludwig Lutter in the management team as Chief Technical Officer (CTO). In this role, he will be responsible for product development, the technical departments, and the full-service division.
Dr. Herbert May, Chairman of the Supervisory Board of Intershop, comments: “With Dr. Wiechen Intershop wins a proven technical and commercial expert in software product management, development and delivery. In this role, Dr. Wiechen will complement the executive team with his experience from medium-sized and large software companies in repositioning Intershop as market leader.”
Intershop CEO Jochen Moll is looking forward to working with the new board member: “During the last months the Executive Board has taken a number of important decisions with regard of market positioning and our go-to-market model. Together with Dr. Wiechen, we will execute these decisions and continue to drive our leadership position in the market. I am excited to have Dr. Wiechen in our team to lead strategic development of our first class products.”
Prior to the engagement with Intershop Dr. Wiechen (56) was Vice President at SAP AG overseeing product strategy development as well as product management, development and support for the Workforce Performance Builder, a product acquired by the SAP AG from the datango AG. At datango, Dr. Wiechen had been member of the Executive Board and Head of Product Development & Support of datango´s product portfolio. Previous to this, Dr. Wiechen had served as CTO of the venture capital company Martlet Venture Management Ltd. responsible for the overall technical strategy and the portfolio's technical development. With a doctorate in physics Dr. Wiechen started his career at PSI AG in Berlin, followed by various management roles within the ERP division of PSI AG, finally acting as managing director of Psipenta GmbH.
Intershop Communications AG (founded in Germany 1992; Prime Standard: ISH2) is the leading independent provider of omni-channel commerce solutions. Intershop offers high-performance packaged software for internet sales, complemented by all necessary services. Intershop also acts as a business process outsourcing provider, covering all aspects of online retailing up to fulfillment. Around the globe more than 300 enterprise customers, including HP, BMW, Würth, and Deutsche Telekom run Intershop solutions. Intershop is headquartered in Jena, Germany, and has offices in the United States, Europe, Australia, and China. More information about Intershop can be found online 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.