Peter Vesco will replace Charles Fränkl as ClickandBuy's new CEO. Mr. Vesco's last role was as President and Managing Director for Northern Europe at Hypercom Corp. and he is seen in the industry as a renowned expert and manager with many years' experience in the payment market.
His previous roles have included CEO of GSA (Germany-Switzerland-Austria) and Italian operations at FirstData and COO of GSA and Italian operations at Atos Worldline
Charles Fränkl, who has headed ClickandBuy since January 2009, will be leaving the company on June 30, 2011 at his own request.
Furthermore, on July 1, 2011, Frank Stoffer will assume the position of CFO and Managing Director of ClickandBuy Holding GmbH in addition to his current management activities at CBS GmbH. He will be replacing Frank Brinker. Frank Stoffer brings with him many years of experience in the finance area of Deutsche Telekom and since the takeover of ClickandBuy as a wholly-owned subsidiary of the Deutsche Telekom AG Group, he has already made a significant contribution to consolidating the financial structures.
Dr. Martin Enderle, Chairman of the Supervisory Board of ClickandBuy Holding GmbH and the Head of Internet Business at Deutsche Telekom AG, comments: "With Peter Vesco, I am pleased to have gained a top manager as ClickandBuy CEO. Since we are interested in further developing our payment activities, his sound payment expertise has made him an ideal candidate for us. I would like to cordially thank Charles Fränkl and Frank Brinker for their great commitment. Both will continue to provide support in the payment area at Deutsche Telekom AG."