TCU AG: Two new Board Members appointed

Koblenz (pta014/05.01.2021/18:40 UTC+1) Due to the surprising loss of the main customer of TCU the Supervisory Board, after consultation with the Board of Management, sees the need to bring forward some restructuring measures planned for later this month. This is intended to maintain TCU's ability to act, particularly in the development of new business areas and the acquisition of new customers for them.

Therefore, with effect from 11.1.2021 Mr. Daniel Settgast as new Chief Executive Officer (CEO) and Ms. Catherine Konopaske as the new Chief Operations Officer (COO) are appointed to the board of TCU.

Mr. Settgast is a founder and board member of several companies. He is leading the development of a privacy and data protection focused network for internet users. Thus, he is the perfect addition to the TCU team in the context of the upcoming realignment.

Ms. Konopaske has served on the boards of several U.S. companies since 2015. She is responsible for corporate activities in the areas of eCommerce, marketing, real estate and FinTech. With her experience in the North American market, she will provide important impetus to TCU as it builds its international business.

The current board members Petra Bauersachs and Guido Ciburski remain in the company: Ms. Bauersachs as Head of Marketing/PR, Mr. Ciburski as Head of Software Development.

TCU will publish a statement on the strategy for 2021 shortly.

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