Timo Salzsieder appointed to Management Board at TOMORROW FOCUS AG with responsibility for Products and IT

The Supervisory Board of TOMORROW FOCUS AG has appointed Timo Salzsieder (46) to the company’s Management Board in the position of Chief Operating Officer (COO) with effect from 1 September 2015.

Following the implementation of its new strategy, TOMORROW FOCUS AG will now concentrate as a travel group on its popular travel brands HolidayCheck and Zoover. In this context, the new COO’s main role on the Management Board will be to assume overall responsibility for product development, including product management and IT.

Timo Salzsieder has held senior management positions within the TOMORROW FOCUS Group since 2010, including those of Group CTO and COO at HolidayCheck AG. Before joining the Group he held, inter alia, senior positions with Payback, arvato, D+S Europe.

Stefan Winners, Chairperson of the Supervisory Board at TOMORROW FOCUS AG, explained the background to the appointment:
‘The company is transforming itself rapidly into a travel group. More than ever, the key to success lies in creating and continuing to develop outstanding, user-friendly products that can drive sustainable growth in the company and its brands. The Supervisory Board decided to create the new position of COO on the Management Board to ensure that product development is given the priority it needs. With his proven record as an e-commerce and information technology expert, we are convinced that Timo Salzsieder is ideal for the job.’

TOMORROW FOCUS AG (ISIN DE005495329) is based in Munich, Germany, and is one of the leading exchange-listed Internet groups in Germany. The company’s main business models are based on digital transactions, predominantly in the travel sector. The Group has a workforce of around 400. The Travel segment includes HOLIDAYCHECK AG, which operates hotel review and travel booking portals by the same name, as well as the car rental portal MIETWAGENCHECK; WEBASSETS B.V., which operates the ZOOVER hotel review portals and the METEOVISTA/WEERONLINE weather portals; and TOMORROW TRAVEL B.V., which operates the Dutch online travel agent TJINGO. Furthermore the company portfolio includes JAMEDA GmbH, which operates the biggest German physician rating portal JAMEDA.de; and ORGANIZE.ME GmbH, which operates an app-based document organisation and reminder system.