XING CEO Thomas Vollmoeller: contract extended until end of 2020

Hamburg, 23 September 2015 – Today, the Supervisory Board of XING AG, operator of the leading professional network for the German-speaking world, extended the contract of its CEO Thomas Vollmoeller (54) to 31 December 2020.
 
Stefan Winners, Chairman of the XING AG Supervisory Board: "Thomas Vollmoeller's first term of office was a resounding success. I and the entire Supervisory Board are delighted that he will continue to manage the fortunes of the company in the future." Vollmoeller has been managing XING AG since August 2012 and has succeeded in revitalising the company's operations during his tenure. The company achieved quarter-on-quarter increase in growth throughout the 2014 financial year, exceeding the €100 million revenue mark for the first time. The current year also saw XING continue its growth momentum. In the first six months alone, revenue increased by 26% compared to the same period in 2014 while the company gained more new members than in any other six-month period. In August, XING was valued at over €1 billion on the stock exchange for the first time.

About XING
XING is the social network for business contacts. XING has more than 9.2 million users in its core German-speaking market, 9 million of whom are XING platform members. XING is a platform where professionals from all kinds of different industries can meet up, find jobs, colleagues, new assignments, cooperation partners, experts, generate business ideas and get informed about latest industry topics. Members can meet and exchange views in over 74,000 specialist groups, while also getting together at networking events. The platform is operated by XING AG, which was founded in Hamburg, Germany, in 2003, has been publicly listed since 2006, and listed on the TecDAX since September 2011. In December 2010, XING acquired amiando AG, a Munich-based company and Europe’s leading provider of online event management and ticketing. Since the end of 2013 the company has been trading under the name XING EVENTS GmbH. The acquisition of kununu, the leading platform for employer reviews in German-speaking countries, allows XING to extend its position as the social recruiting market leader. At the start of 2015 XING also acquired Intelligence Competence Center AG, including its Jobbörse.com website which is the largest jobs search engine in German-speaking countries with over 2.5 million jobs.