NOMINATION OF CHIEF FINANCIAL OFFICER
NOMINATION OF CHIEF FINANCIAL OFFICER
Amsterdam, the Netherlands - Flow Traders N.V.
(Euronext: FLOW) announces that the Supervisory Board has nominated
Mike Kuehnel for appointment as Chief Financial Officer and member
of the Management Board.
Given Flow Traders’ ambitions and strategic growth agenda, the
Supervisory Board has taken the decision to expand the Management
Board from four to five members with the nomination of Mike Kuehnel
for appointment as Chief Financial Officer. Through this new,
dedicated Chief Financial Officer function, Mike will help to
further shape Flow Traders’ strategy, develop organic and
non-organic growth initiatives as well as intensify communications
with key stakeholders.
Mike Kuehnel will join Flow Traders on 1 August 2021 and all
regulatory approvals have been received.
Prior to joining Flow Traders, Mike gained over 20 years of
investment banking and strategy consulting experience in the global
financial market infrastructure space.
Most recently, Mike served as a partner at Bain & Company
leading the Investment Banking and Financial Markets Infrastructure
practice for EMEA and acting as a senior member of the firm’s
global M&A practice, focusing particularly on valuation and
value creation as well as on the design of M&A strategies and
the accelerated build-up of M&A capabilities. There, he worked
closely with clients globally on topics including strategy,
M&A, value creation and complex transformations, specifically
focusing on financial market infrastructure and, for the last few
years, on crypto and digital assets.
Before that, he worked at Goldman Sachs, where he was
responsible for driving large-scale equity and M&A transactions
in the European banking, insurance, asset management, private
wealth and exchanges sectors. Mike holds an MBA in Accounting and
Finance from the University of Chicago.
Flow Traders will propose his appointment to the Management
Board to its shareholders at an Extraordinary General Meeting
(EGM), scheduled to take place on Friday 10 September 2021 at 09.30
CEST. The detailed convening notice, agenda and other documentation
relating to the meeting, as well as information on how to register,
is available in English and can be found at
www.flowtraders.com/investors/corporate-governance/agm.
Chairman of the Supervisory Board, Rudolf Ferscha
stated:
“Mike is an outstanding business-driven finance leader who
brings a wealth of investment banking and consulting experience,
and we look forward to welcoming him to Flow Traders as CFO. As
Flow Traders expands further, Mike’s background in structuring,
initiating and driving strategy-induced business development will
be a valuable addition to our highly experienced team on the
Management Board.”
CEO Dennis Dijkstra
added:
“We are delighted that Mike has agreed to join Flow Traders and
are convinced that he will contribute greatly to the successful
execution of our ambitious growth agenda together with the whole
management team. We look forward to working with him to further
accelerate Flow Traders’ strategic priorities.“
Contact Details
Flow Traders N.V. Jonathan Berger / Investor
Relations OfficerPhone:
+31 20
7996799Email: investor.relations@flowtraders.com
About Flow Traders
Flow Traders is a leading global financial technology-enabled
liquidity provider in financial products, historically specialized
in Exchange Traded Products (ETPs), now expanding into other asset
classes. Flow Traders ensures the provision of liquidity to support
the uninterrupted functioning of financial markets. This allows
investors to continue to buy or sell ETPs or other financial
instruments under all market circumstances. We continuously grow
our organization, ensuring that our trading desks in Europe, the
Americas and Asia can provide liquidity across all major exchanges,
globally, 24 hours a day. Founded in 2004, we continue to cultivate
the entrepreneurial, innovative and team-oriented culture that has
been with us since the beginning. Please visit www.flowtraders.com
for more information.
Important Legal Information
This press release is prepared by Flow Traders N.V. and is for
information purposes only. It is not a recommendation to engage in
investment activities and you must not rely on the content of this
document when making any investment decisions. The information in
this document does not constitute legal, tax, or investment advice
and is not to be regarded as investor marketing or marketing of any
security or financial instrument, or as an offer to buy or sell, or
as a solicitation of any offer to buy or sell, securities or
financial instruments. The information and materials contained in
this press release are provided ‘as is’ and Flow Traders N.V. or
any of its affiliates (“Flow Traders”) do not warrant the accuracy,
adequacy or completeness of the information and materials and
expressly disclaim liability for any errors or omissions. This
press release is not intended to be, and shall not constitute in
any way a binding or legal agreement, or impose any legal
obligation on Flow Traders. All intellectual property rights,
including trademarks, are those of their respective owners. All
rights reserved. All proprietary rights and interest in or
connected with this publication shall vest in Flow Traders. No part
of it may be redistributed or reproduced without the prior written
permission of Flow Traders. This press release may include
forward-looking statements, which are based on Flow Traders’
current expectations and projections about future events, and are
not guarantees of future performance. Forward looking statements
are statements that are not historical facts, including statements
about our beliefs and expectations. Words such as “may”, “will”,
“would”, “should”, “expect”, “intend”, “estimate”, “anticipate”,
“project”, “believe”, “could”, “hope”, “seek”, “plan”, “foresee”,
“aim”, “objective”, “potential”, “goal” “strategy”, “target”,
“continue” and similar expressions or their negatives are used to
identify these forward-looking statements. By their nature,
forward-looking statements involve known and unknown risks,
uncertainties, assumptions and other factors because they relate to
events and depend on circumstances that will occur in the future
whether or not outside the control of Flow Traders. Such factors
may cause actual results, performance or developments to differ
materially from those expressed or implied by such forward-looking
statements. Accordingly, no undue reliance should be placed on any
forward-looking statements. Forward-looking statements speak only
as at the date at which they are made. Flow Traders expressly
disclaims any obligation or undertaking to update, review or revise
any forward-looking statements contained in this press release to
reflect any change in its expectations or any change in events,
conditions or circumstances on which such statements are based
unless required to do so by applicable law. Financial objectives
are internal objectives of Flow Traders to measure its operational
performance and should not be read as indicating that Flow Traders
is targeting such metrics for any particular fiscal year. Flow
Traders’ ability to achieve these financial objectives is
inherently subject to significant business, economic and
competitive uncertainties and contingencies, many of which are
beyond Flow Traders’ control, and upon assumptions with respect to
future business decisions that are subject to change. As a result,
Flow Traders’ actual results may vary from these financial
objectives, and those variations may be material.
Efficiencies are net, before tax and on a run-rate basis, i.e.
taking into account the full-year impact of any measure to be
undertaken before the end of the period mentioned. The expected
operating efficiencies and cost savings were prepared on the basis
of a number of assumptions, projections and estimates, many of
which depend on factors that are beyond Flow Traders’ control.
These assumptions, projections and estimates are inherently subject
to significant uncertainties and actual results may differ, perhaps
materially, from those projected. Flow Traders cannot provide any
assurance that these assumptions are correct and that these
projections and estimates will reflect Flow Traders’ actual results
of operations.
By accepting this document you agree to the terms set out above.
If you do not agree with the terms set out above please notify
legal.amsterdam@nl.flowtraders.com immediately and delete or
destroy this document.
- Nomination of Chief Financial Officer
Flow Traders (EU:FLOW)
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