Contract with Michael Kenfenheuer extended until 2023

Dortmund | 29. April 2021

The Supervisory Board of adesso SE has extended its Executive Board contract with long-serving CEO Michael Kenfenheuer (62). Kenfenheuer’s contract was originally set to expire at the end of 2021. As a result, the experienced manager will continue to help oversee adesso’s further business development until the end of 2023 in his position as CEO and a member of the successful Executive Board. In his over 20 years of service to the Executive Board since 2000, Kenfenheuer has played an instrumental role in adesso’s development to become a leading consulting and technology firm for industry-specific business processes in central Europe.

Kenfenheuer took over as Chairman of the Executive Board at adesso in mid-2015, having already served as Co-Chairman of the company’s Executive Board since 2011. Under his leadership, the company developed and successfully established the in|sure Ecosphere on the market as a product family for the insurance sector. As part of his Executive Board responsibility for the Banking division, Kenfenheuer helped to launch a further core industry product in 2020. Today, adesso also develops and markets a new core banking system in the German-speaking market.

Michael Kenfenheuer: Contract extension as CEO of adesso until the end of 2023 (Copyright: adesso)

Prof. Dr. Volker Gruhn, Chairman of the Supervisory Board and main shareholder of adesso SE, is pleased that Kenfenheuer has been confirmed as CEO to oversee the next phase in the company’s development: “Michael Kenfenheuer knows our goals, strengths and challenges like no other. I am therefore certain that he is the right match for this extremely important strategic position for adesso, and that we have been able to strengthen the Executive Board team as a whole in the long term for adesso’s further success.”

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