Continuity for the successful business development of the adesso Group: contract with CEO Michael Kenfenheuer extended until 2023

The Supervisory Board of adesso SE has extended its Executive Board contract with long-serving CEO Michael Kenfenheuer (62). Kenfenheuer's contract was originally set to expire at the end of 2021. As a result, the experienced manager will continue to help oversee the further business development of adesso Group until 31 December 2023 in his position as CEO and a member of the successful Executive Board. In his over 20 years of service to the Executive Board since 2000, Kenfenheuer has played an instrumental role in adesso's development to become a leading consulting and technology firm for industry-specific business processes in central Europe. Before taking over as CEO in mid-2015, Kenfenheuer acted as Co-Chairman of the Executive Board from 2011 to mid-2015. Under his leadership, the company developed and established the in|sure Ecosphere on the market as a product family for the insurance sector. As part of his Executive Board responsibility for the Banking division, Kenfenheuer helped to launch a further core industry product in 2020. Today, adesso also develops and markets a new core banking system in the German-speaking market.

Prof. Dr. Volker Gruhn, Chairman of the Supervisory Board and main shareholder of adesso SE, is pleased that Kenfenheuer has been confirmed as CEO to oversee the next phase in the company's development: "Michael Kenfenheuer knows our goals, strengths and challenges like no other. I am therefore certain that he is the right match for this extremely important strategic position for adesso, and that we have equally been able to strengthen the Executive Board team in the long term in recent years for adesso's further success."

 

adesso Group

With about 5,000 employees and annual sales of EUR 523.4 million in 2020, adesso Group is one of the largest German IT service providers with outstanding growth opportunities. At its own locations in Germany, other locations in Europe and Turkey as well as at numerous local customers adesso offers consulting and software development services for optimising core business processes. adesso also offers ready-to-use software products for standard applications. The development of an own, industry-specific product portfolio opens up additional growth and earnings opportunities and is another key element of the adesso strategy. In 2020, adesso was awarded the title of the best employer of its size in Germany across all industries. After having already achieved first place among IT employers in 2016 and 2018, adesso was ranked first again in 2020.