- CTO/COO Ludwig Niessen will retire after more than three decades on the Vienna Stock Exchange
- Christoph Boschan (CEO) and Petr Koblic (CFO) take over his responsibilities
(Vienna) As of 1 July 2020, Ludwig Niessen, Chief Technology and Operating Officer (CTO/COO) of Wiener Börse AG, will no longer be exercising his Management Board mandate on his own request. It is with great regret that the Supervisory Board today complied with his wish. Niessen, 63, will continue to have close ties with the stock exchange. He will further advise the company and continue to represent the stock exchange as a member of the Supervisory Board in its shareholdings. The Management Board of Wiener Börse AG will henceforth consist of Christoph Boschan, Chief Executive Officer, and Petr Koblic, Chief Financial Officer, who will assume his responsibilities.
"Ludwig Niessen's contribution and expertise helped strengthen the development of efficient capital market infrastructures in Central Europe. His track record includes projects such as the introduction of the first electronic trading system, the establishment of the Austrian Clearing Counterparty, the connection of international trading participants to the region and the investment in energy exchanges. Without his involvement, the growth of the last years would not have been possible. On behalf of the entire Supervisory Board, I would like to thank him for his many years of dedicated service," said Heimo Scheuch, Chairman of the Supervisory Board of Wiener Börse AG. "With its excellent positioning and a well-coordinated team, the Vienna Stock Exchange is well equipped to further strengthen its position as a Central European infrastructure platform in the future.”
"It was a great honor to shape Wiener Börse's direction together with Ludwig Niessen. The high proportion of international customers and their essential contribution to our economic success are proof of this. Rarely have I had the privilege of a more pleasant cooperation among colleagues on the Management Board. I am glad that he will continue to be associated with the company", adds Christoph Boschan, CEO of Wiener Börse AG.
"I did not take this decision lightly. After a fulfilling professional life at the Vienna Stock Exchange and approaching retirement, I decided to step down from my position on the Management Board. At the same time, I am pleased to remain connected to the exchange in a reduced scope. The operational activities are in the very best hands with my long-standing colleagues and experts," says Ludwig Niessen, outgoing CTO/COO of Wiener Börse AG.
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About the Vienna Stock Exchange
As the main provider of market infrastructure in the region, Wiener Boerse AG is the gate to global markets. Operating the stock exchanges in Vienna and Prague, the group offers state-of-the-art systems, information and IT services. Listed companies receive maximum liquidity and investors benefit from fast and cost-effective trading by the market leader. Wiener Boerse AG also collects and distributes stock market data and calculates the most important indices of the region. Because of this unique know-how the national stock exchanges in Budapest, Zagreb and Ljubljana trust its IT services. Additionally, the group holds stakes in energy exchanges and clearing houses.
Exclusion of Liability
This press release may contain certain forward-looking statements and forecasts based on assumptions made at the time of publication of this press release. We do not assume any liability for the forward-looking statements and actual developments may turn out to be completely different. Furthermore, we would like to explicitly point out that this press release cannot serve as a basis for investment decisions and may not be construed as a solicitation to buy or a recommendation to invest by Wiener Boerse AG. No liability is assumed for the information given in this press release.