Corporate News

Avemio AG appoints Steffen Schenk as COO

Düsseldorf, Germany, August 29, 2023 – The Supervisory Board of Avemio AG (ISIN DE000A2LQ1P6, WKN A2LQ1P), a leading system supplier for hardware and software in the field of broadcast as well as professional media, audio and video solutions, appointed Mr. Steffen Schenk to the Executive Board as Chief Operating Officer (COO) with immediate effect at its meeting yesterday. The contract has a term of five years.

Steffen Schenk (47) has more than 20 years of experience in the broadcast industry. The engineering graduate has been working for the wholly owned trading subsidiary Teltec AG since 2007 and can be described as a “homegrown”. His career began in the sales department of the trading company, he quickly advanced to sales manager and finally took over responsibility for the operational business of the Teltec Group – initially as an authorized signatory and since 2021 as a member of the Executive Board.

As COO of the listed parent company Avemio AG, Steffen Schenk is now responsible for the operational development of the entire media technology group. In particular, synergies between Teltec AG and the recently acquired MoovIT companies from Cologne are to be leveraged and the transformation of the trading group, which dominates the German-speaking market, into an internationally positioned media technology group is to be driven forward.

Ralf P. Pfeffer, Chairman of the Board and CEO of Avemio AG, states: “It is a great pleasure for me to welcome my esteemed colleague and long-time companion Steffen Schenk to the Avemio AG Board. In the past years, he has recommended himself with his technical expertise, but also with his management skills for what I see as a necessary addition to the Avemio board. Together with our CFO Norbert Gunkler, the three of us on the board will now work to move the group forward and create value for our current and future shareholders.”

About Avemio AG

Avemio Aktiengesellschaft is a media technology group focusing on professional film and television technology. The trading group, which has been growing strongly for many years and has the highest turnover in the German-speaking B2B market with more than 100 million euros, supplies content producers as a manufacturer-independent supplier with products from all major manufacturers. This also includes consulting and technical support for complete production, post-production and broadcast systems as well as the planning, creation and system integration of media technology workflows with our own software products and cloud offerings.

The share capital of Avemio AG is divided into 3,832,150 bearer shares without par value and listed on the primary market of the Düsseldorf Stock Exchange.

At the beginning of 2023, the IPO took place in the form of a reverse IPO. In this context, after 30 years of existence, Teltec AG took over Palgon AG, a shelf company listed on the Düsseldorf stock exchange, and renamed it Avemio AG. The company was admitted to the primary market and to the Xetra trading platform.

Avemio AG plans to internationalize as part of a buy-and-build strategy with already identified target companies and to expand its high-margin software offering.

Ralf P. Pfeffer
Chairman of the Board

Press contact:
CROSS ALLIANCE communication GmbH
Susan Hoffmeister
Bahnhofstr. 98
D-82166 Gräfelfing/Munich
Tel: +49 89 125 09 03-30

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