COMPUGROUP MEDICAL SE & CO. KGAA CompuGroup Medical extends contract with CFO Michael Rauch ahead of schedule by a further five years

Directive transparence : information réglementée

02/11/2021 14:50

DGAP-News: CompuGroup Medical SE & Co. KGaA / Key word(s): Personnel
CompuGroup Medical extends contract with CFO Michael Rauch ahead of schedule by a further five years

02.11.2021 / 14:50
The issuer is solely responsible for the content of this announcement.

Koblenz. CompuGroup Medical SE & Co. KGaA (CGM), one of the world's leading e-health providers, informs that the Administrative Board of CompuGroup Medical Management SE today has decided to extend the contract of Chief Financial Officer (CFO) Michael Rauch by a further five years until July 31, 2027.

Diplom-Kaufmann (Univ.) Michael Rauch, MBA, LL.M took over as CFO of CompuGroup Medical SE on August 1, 2019 and was - amongst other achievements - instrumental in the process to convert the company into CompuGroup Medical SE & Co. KGaA (partnership limited by shares). During his first tenure CGM advanced from SDAX into MDAX in September 2019 and has completed three of the four largest acquisitions in its history.

Frank Gotthardt, Founder and Chairman of the Administrative Board, says: "Michael Rauch plays a key role in our Management Board and has contributed significantly to the success of CompuGroup Medical in recent years. This year CGM will surpass the 1 billion Euro mark in revenues for the first time which reflects more than a 40 percent increase in revenues since 2018. In the name of the Administrative Board I would like to thank Michael for his great dedication and commitment to CGM's success, we are looking forward to continuing our collaboration in the years to come."

Dr. Dirk Wössner, CEO, adds: "I am very happy to continue working closely with Michael and to continue CGM's growth story. Michael is a very versatile CFO and a great leader. Besides safeguarding the financial strength of CGM and having a transparent and close dialogue with our investors, he also skillfully balances strategic direction with a sharp eye on the details of company performance and results. Michael is an ideal sparring partner for me and the entire leadership team."

Michael Rauch, CFO, emphasizes: "I would like to thank Frank Gotthardt, Dirk Wössner und the Administrative Board for their continued trust. My clear priority remains long term growth at a high profitability and with a dedicated focus on cashflow, realizing the benefits of further digitization in healthcare and also in future generating additional value for our customers, employees and shareholders."

About CompuGroup Medical SE & Co. KGaA
CompuGroup Medical is one of the leading e-health companies in the world. With a revenue base of EUR 837 million in 2020, its software products are designed to support all medical and organizational activities in doctors' offices, pharmacies, laboratories and hospitals. Its information services for all parties involved in the healthcare system and its web-based personal health records contribute towards safer and more efficient healthcare. CompuGroup Medical's services are based on a unique customer base of more than 1.6 million users, including doctors, dentists, pharmacists, and other healthcare professionals in inpatient and outpatient facilities. With locations in 18 countries and products in 56 countries worldwide, CompuGroup Medical is the e-health company with one of the highest coverages among healthcare professionals. Approximately 8,500 highly qualified employees support customers with innovative solutions for the steadily growing demands of the healthcare system.

Contact for media representatives:
Michael Franz
Head of Brand Communication
P +49 261 8000-6100
F +49 261 8000-3100
E-mail: press@cgm.com

Contact for analysts and investors:
Claudia Thomé
Corporate Vice President Investor Relations
P +49 261 8000-7030
F +49 261 8000-3200
E-mail: claudia.thome@cgm.com

02.11.2021 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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Language: English
Company: CompuGroup Medical SE & Co. KGaA
Maria Trost 21
56070 Koblenz
Phone: +49 (0)261 8000 7030
Fax: +49 (0)261 8000 3200
E-mail: investor@cgm.com
Internet: www.cgm.com
ISIN: DE000A288904
WKN: A28890
Indices: MDAX, TecDAX
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate Exchange
EQS News ID: 1245527

End of News DGAP News Service

1245527  02.11.2021