Nemetschek Appoints Chief Strategy Officer

Mon, 11 Apr 2016 15:00:01 DGAP-News: Nemetschek Appoints Chief Strategy Officer

DGAP-News: Nemetschek SE / Key word(s): Change of Personnel

2016-04-11 / 15:00
The issuer is solely responsible for the content of this announcement.

Corporate News

Nemetschek Appoints Chief Strategy Officer

Munich, April 11, 2016 - Today the Nemetschek Group supervisory board announces the appointment of Sean Flaherty to the position of Chief Strategy Officer. "In light of the strong growth of the Nemetschek Group in recent years as well as the accelerated pace of acquisitions, the supervisory board decided to create a new position on the executive board. The Chief Strategy Officer will create a team and a process for the Group which will drive a Group-wide future strategy and continue our globalization and development of advanced technology for our target markets."

The Nemetschek Group operates as a strategic holding company of strong independent brands. Within this framework, Mr. Flaherty will build a strategic development team to align the brand companies and M&A strategies to accelerate the growth of the Group. Currently the Nemetschek Group has twelve brands focused on the AEC and multimedia markets. The Nemetschek Group will look to strengthen their current position in these markets with greater investment in existing brands, working together for globalization and the advancement of building digitalization as well as further processes. In addition, the M&A strategy will be more closely aligned with target key solutions that can help customers complete their workflows using Nemetschek Group products.

"Although we are well known in German-speaking markets as an end-to-end solution for designing, building and managing buildings, we have substantial room to expand our customer presence in the Americas and Asia," says Mr. Flaherty. "Our strong financial position combined with targeted moves to acquire DDS, Bluebeam and Solibri have recently shown how we can keep expanding our offerings to replace less efficient workflows for AEC." In addition to Group strategy and M&A targeting, the strategic team will later add industry PR and technology incubation functions to the Nemetschek Group.

Mr. Flaherty has been serving on the executive board since October 2013, as well as being CEO of the Vectorworks brand company. With the new position, he will have a full-time position on the executive board. The other two executive board members, Patrik Heider and Viktor Várkonyi, will continue in their roles, rounding out the executive management team. Mr. Heider, spokesman of the executive board, will focus on operational excellence within the brand companies as well as driving the position of the Nemetschek Group as a top performer in the financial markets. Mr. Várkonyi will provide leadership to all BIM activities to reinforce the Nemetschek Group's position as the market leader in improving advanced AEC workflows.

For further information on the company, please contact:

Nemetschek Group
Stefanie Zimmermann
Investor Relations
+49 89 92793 1229

About the Nemetschek Group
The Nemetschek Group, Munich, is a globally leading software provider for the AEC (Architecture, Engineering, Construction) industry. With its 12 brands, the Nemetschek Group now serves around 2.1 million users in 142 countries from more than 50 locations worldwide. Founded in 1963 by Professor Georg Nemetschek, the company focuses on innovations such as Open Building Information Modeling (Open BIM) for the AEC market of tomorrow. Publicly listed since 1999 and quoted on the TecDAX, the company achieved revenue in the amount of EUR 285.3 million and an EBITDA of EUR 69.5 million in 2015.

2016-04-11 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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