Wirecard (WDI)announced late Wednesday evening via DGAP report about personnel changes in the Supervisory Board. There is no direct connection to the latest developments regarding the KPMG report, but the timing raises questions.
Accordingly, Susana Quintana-Plaza left the company’s Supervisory Board (due to personal reaons) with effect from April 7 and “has now taken on an executive position with a group abroad”. The report is silent on why the DAX Group only provides information about its personnel more than three weeks late. There had already been speculation about the supervisory board leaving the previous week.
However, a replacement has already been taken care of: Hauke Stars will be proposed to the Annual General Meeting as the successor to the control committee for election. The 52-year-old has been on the board of Deutsche Börse since 2012, where she is responsible for the business area, which includes IPOs, share trading and startup support.
Chairman of the supervisory board Thomas Eichelmann praises the manager’s “well-founded knowledge of professional processes and procedures in internationally active and listed blue chip groups” and “her excellent expertise in IT and technology issues”.
In addition, Wirecard announced the expansion of the Supervisory Board by two more new members. They should also be available for election at the 2020 Annual General Meeting, which is scheduled to take place on July 2. Further information will follow “in due course,” says Eichelmann.
Not a word about the KPMG report
Wirecard does not mention the syllable in the KPMG report published this week. At least the expansion of the supervisory board should be seen as a reaction to repeated demands for professionalization. Eichelmann, who had only taken over the chairmanship of the supervisory board at the beginning of the year, had already announced appropriate measures at that time ( THE SHAREHOLDER reported ).
Response to withdrawal requests
Meanwhile, the chairman of the board of directors has given the controversial CEO Markus Braun a strength after harsh criticism and even demands for resignation the previous day . “A personnel debate at the moment would in no way be for the good of the company. A replacement from Dr. I don’t see brown today, ”said Eichelmann in an interview with the Handelsblatt . After the publication of the KPMG report on Tuesday did not deliver the hoped-for relief from the balance sheet allegations from the perspective of investors , the share has plummeted by around 35% since the beginning of the week. After two days of heavy losses in a row, a technical countermovement is now possible, but the situation is likely to remain tense