GK Software SE: Supervisory Board appoints Michael Scheibner as new CEO

• Michael Scheibner appointed as new Chairman of the Executive Board with effect from 1 June 2023
• Rainer Gläß resigns, as planned, from the Executive Board as of 31 May 2023
• Michael Jaszczyk appointed as further new member of the Executive Board
• André Hergert continues to serve as Chief Financial Officer

GK Software SE announced today that Michael Scheibner has been appointed by the Supervisory Board as a member of the Executive Board and as new Chief Executive Officer (CEO) with effect from 1 June 2023. Founder and CEO Rainer Gläß had announced at the same time as the publication of the takeover bid by Fujitsu ND Solutions AG on 1 March 2023 that he would step down from the Executive Board, if the takeover was successful. Mr. Gläß resigned with effect on 31 May 2023 as announced.

Michael Scheibner (born 1975), who holds a degree in business administration, has been active in management positions at GK Software since 2009 and was most recently responsible for the partner ecosystem and the company's global go-to-market strategy as Chief Strategy Officer. In this position, Michael Scheibner established GK as a global innovation provider in the SAP Retail Ecosystem and significantly drove the company's growth. Michael Scheibner has more than 20 years of experience in the IT and retail industry and worked in sales management for leading international companies such as Lexmark, Torex Retail and Reflexis before joining GK.

At the same time, the CEO of GK Software USA, Inc., Michael Jaszczyk, was also appointed to the Executive Board as Chief Digital Transformation Officer (CDXO). Michael Jaszczyk has been active in the management of the company since 2010 and was, among other, CTO (until 2018) and CEO of the US subsidiary since its foundation.

CFO André Hergert, who has been with the company since 2008, will continue to work for GK in the future.

Nicholas Fraser, Chairman of the Supervisory Board, commented: “On behalf of the Supervisory Board, I would like to thank Rainer Gläß for his commitment and lifetime achievements in building GK into a global leader for retail technology and software. Through his strong personal commitment as well as the work of the entire management team, the company was able to generate extraordinary growth, especially after the IPO in 2008, and to become one of the most important international players in the industry. We expect GK to continue to grow in the future.”

“Michael Scheibner represents GK's international growth strategy in particular,” says Fraser. “He is an accomplished expert in the global retail landscape and has been instrumental in GK's development into a global solution provider and innovation driver. He stands for the development of new markets and, at the same time, with CFO André Hergert and Michael Jaszczyk, for continuity in management following the investment of Fujitsu.”

“I am very much looking forward to leading the fortunes of GK in the future and thank the founders Rainer Gläß and Stephan Kronmüller for the work they have done. The new board will focus on continuing our success story, on focusing and scaling, and on further go-to-market of our leading solutions worldwide,” comments Michael Scheibner.

About GK Software SE

GK Software SE is a leading global provider of cloud solutions for the international retail industry and one of the fastest growing companies in its field. The cornerstones of the company are self-developed, open and platform-independent solutions. Thanks to its comprehensive product portfolio, 22 percent of the world's 50 largest retailers currently rely on solutions from GK. The company's customers include Adidas, Aldi, Coop (Switzerland), Edeka, Grupo Kuo, Hornbach, HyVee, Lidl, Migros, Netto Marken-Discount and Walmart International. GK has subsidiaries in the U.S., France, Czech Republic, Switzerland, South Africa, Singapore, Australia and holds ownership or majority stakes in DF Deutsche Fiskal GmbH, Artificial Intelligence for Retail AG and retail7, among others. Since its IPO in 2008, the company has grown more than sevenfold and generated revenues of 152.1 million EURO in 2022. GK was founded in 1990. In addition to its headquarters in Schöneck, the group now operates 15 sites worldwide. GK's goal is to become the leading cloud solutions company in the retail industry worldwide, enabling consumers on all continents to enjoy the best possible shopping experiences. On 18 May 2023, Fujitsu Ltd. announced that it holds 68.03 percent of the shares in GK Software SE through its subsidiary, ND Fujitsu Solutions AG, Munich.

Further information about the company: www.gk-software.com