Vienna Stock Exchange appoints new management team

The exchange has appointed a new CEO, CFO and COO amid revision of strategy and development of new products.

Vienna Stock Exchange’s supervisory board has announced the appointment of a new management team, including a new chief executive officer.

Boerse Stuttgart’s current co-CEO Christoph Boschan has been named as the exchange’s new chief executive officer, having held senior positions at several German stock exchanges for the past 10 years.

Petr Koblic, CEO of the Prague Stock Exchange, has been appointed chief financial officer, whilst Ludwig Nießen will take up the joint position of chief operating officer and chief technology officer.

Willibald Cernko and Heimo Scheuch, chairman and vice-chairman of the Supervisory Board at Vienna Stock Exchange, said the exchange has revised its strategy over the last year.

They said in a statement: “The enlarged management board is a clear signal of this repositioning… With the new management board, the Vienna Stock Exchange is well prepared to face future developments.

“This means a stronger position within the European context and further development of forward-looking products and services.”

The Vienna Stock Exchange sold off some of its smaller Central and Eastern European exchanges, having struggled with revenues in 2014.

Michael Buhl, CEO of CEESEG, said at the time: “Although there was no significant upturn in the economies of Central and Eastern Europe in the past year, we defended our position as the largest stock exchange group in Central and Eastern Europe and were able to keep our earnings stable.”

CEESEG sold Ljubljana Stock Exchange and Budapest Stock Exchange last year, as part of plans to focus on providing IT and data services.