Software provider
CFO leaves Teamviewer – CEO remains
Teamviewer’s share price had gone down over the past few weeks and months. Photo: Sebastian Gollnow / dpa
© dpa-infocom GmbH
The software provider from Göppingen recently came under pressure on the stock exchange. Now there is a change at the top.
The software provider Teamviewer, which is under pressure on the stock exchange, is looking for a new CFO. The previous CFO Stefan Gaiser will leave the company by mutual agreement when his contract expires in 2022.
“In order to ensure a smooth transition, the supervisory board has already initiated the process of looking for a successor,” said the company, which is listed in the MDax. CEO Oliver Steil, however, is allowed to stay. His contract will be extended until October 2024.
Both managers came under fire from investors after the share price fell in recent weeks and months. The company’s market capitalization, which has been listed on the stock exchange for around two years, fell this year by almost 70 percent to 2.8 billion euros. The reasons for this were, among other things, doubts about the growth prospects and sports sponsorship agreements that are reducing profitability.