Leadership Transition at init innovation in traffic systems SE

init innovation in traffic systems SE announced a significant change in its Managing Board. Dr. Jürgen Greschner, the long-serving Chief Sales Officer (CSO), will pass his role to Martin Timmann, effective from October 1, 2024. Greschner has been instrumental in the company's internationalization and successful ventures, including securing major contracts. Despite stepping down, Greschner will continue contributing to the company as an Executive Director.

Martin Timmann, who will take over the position, is credited with significantly increasing revenue at HanseCom, a subsidiary of init. His leadership facilitated HanseCom's growth as a key provider of ticketing solutions in the German-speaking regions, showcasing his potential to drive init's future sales strategies.

The transition aims for smooth continuity in leadership, ensuring that init maintains its trajectory of growth and innovation in the public transport sector. Dr. Gottfried Greschner, founder and Chairman of the Managing Board, expressed confidence in Timmann's capabilities to lead the sales strategy forward, highlighting his extensive experience and successful track record in the industry.