CEO of Deezer is new Chairman of the Supervisory Board of Scout 24
Munich, 21 June 2018 –
- Deezer CEO, Dr. Hans Holger Albrecht, says: "Scout24 is in excellent shape: an innovative, powerful and highly profitable digital company".
- HR expert Ciara Smyth newly elected to the Supervisory Board
- Dividend for investors will be increased from €0.30 to €0.56 per share
Dr. Hans-Holger Albrecht is the new Chairman of the Supervisory Board of Scout24 AG ("Scout24"), the leading operator of digital marketplaces for real estate and automobiles in Germany and other European countries. The internationally experienced manager and CEO of the music streaming company Deezer S.A. was elected to the Supervisory Board today by the shareholders at the Annual General Meeting of Scout24 AG. Another new member of the board is HR expert Ciara Smyth, who has many years of management experience in digital companies. Investors can look forward to an increase in the dividend of around 80 percent. The distribution will increase from €0.30 to €0.56 per share.
Dr. Hans-Holger Albrecht said: "I am honoured by the election as Chairman of the Supervisory Board. Scout24 is in excellent shape today: an innovative, powerful and highly profitable digital company. I am looking forward to my new task and the cooperation with the Supervisory Board, the Management Board and the employees of the Scout24 Group".
Greg Ellis, CEO of Scout24, said: "I am very pleased to welcome a seasoned executive like Dr Hans-Holger Albrecht as the new Chairman of our Supervisory Board and am looking forward to the future collaboration. He is a renowned expert in the digital and media ecosystem and we will certainly benefit from his extensive international expertise. At the same time, I would like to thank our former Chairman Stefan Goetz for his dedication to Scout24 in the past years and also our other Hellman & Friedman members on the Board, Patrick Healy, our former deputy Chairman, and Blake Kleinman, former member of the Audit Committee, and wish him all the best for their future endeavours,” said Greg Ellis.
Dr. Hans-Holger Albrecht has been CEO and Board member of Deezer S.A., Paris and London, since 2015, leading one of the world's leading music streaming companies, providing music and other audio products to 14 million active customers per month in 180 countries. He has over 20 years of international experience as CEO of listed companies in the media, digital and telecommunications sectors with a focus on growth, innovation and long-term value creation.
Ciara Smyth is an experienced HR executive with more than 20 years of experience in various high-growth digital companies. She also has a deep understanding of the marketplace model, mainly from her time at the car sharing company Zipcar, and the dynamics of business in a "mobile first" world from her time at King and Paddy Power Betfair.
The appointment to the Supervisory Board was necessary after Supervisory Board members Stefan Goetz, Patrick Healy and Blake Kleinman of Hellman & Friedman declared in April that they would resign from their positions at the end of today's Annual General Meeting. The background to this is the withdrawal of the financial investor Hellman & Friedman from the business of Scout24 AG. The latter had sold its last block of shares in February 2018. Thereafter, the proportion of shares in free float increased to almost 100 percent, which also contributed to a significantly increased trading volume in recent months. Scout24 has been listed in the MDAX since this week.
With our leading digital marketplaces ImmobilienScout24 and AutoScout24 in Germany and across Europe we are inspiring people to make their best decisions on finding a home and a car. Additional services, such as credit information, the brokerage of relocation services or construction and car financing, are bundled in the Scout24 Consumer Services business division. More than 1,200 employees are working on the success of our products and services, putting the consumers' needs first in order to create a connected network for living and mobility. Scout24 Scout24 AG is a listed stock corporation and is traded on the Frankfurt Stock Exchange (ISIN: DE000A12DM80, Ticker: G24). Scout24 has been listed in the MDAX index since June 2018. For further information, please visit www.scout24.com, our Corporate Blog and Tech Blog, or follow us on Twitter and LinkedIn.
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