LEADERSHIP UPDATE AND CEO SUCCESSION
LEADERSHIP UPDATE AND CEO SUCCESSION
Amsterdam, the Netherlands - Flow Traders N.V.
(Euronext: FLOW) announces
that Dennis Dijkstra has
decided not to seek
reappointment as Chief
Executive Officer and
member of the Management
Board. Mike
Kuehnel, currently
serving as Chief Financial Officer and
member of the Management Board, will
become Chief Executive Officer
effective 1 February
2023.
Dennis Dijkstra has conveyed to the Supervisory Board his
intention not to stand for reappointment to the Management Board at
the 2023 Annual General Meeting. Dennis joined Flow Traders as
Chief Financial Officer in 2009 and was first appointed Co-CEO in
January 2014 and subsequently CEO in May 2019. He has been a member
of the Management Board since Flow Traders’ IPO in 2015.
The Supervisory Board has unanimously decided that Mike Kuehnel
will assume the role of Chief Executive Officer as of 1 February
2023. Mike was confirmed as a member of the Management Board and
Chief Financial Officer in September 2021 having joined Flow
Traders in August 2021. As Chief Financial Officer, Mike has been
responsible for overseeing the Finance, Investor Relations and Tax
functions, as well as the development of Flow Traders’ growth
strategy. More recently, Mike has also been responsible for the
Risk and Compliance functions. Mike has over twenty years of
investment banking and strategy consulting experience in the global
financial market infrastructure space.
In order to ensure an effective leadership transition, Dennis
will hand over his responsibilities to Mike on 1 February 2023 and
remain with Flow Traders in an advisory capacity until the end of
April 2023. Mike, together with Folkert Joling, Chief Trading
Officer and member of the Management Board, and in conjunction with
the newly established global Executive Committee will focus on
accelerating the execution of Flow Traders’ strategic growth agenda
to create value for all stakeholders.
The Supervisory Board has initiated the search process for a new
Chief Risk and Financial Officer.
Rudolf Ferscha,
Chairman of the Supervisory Board of Flow
Traders, commented: “On behalf of the
Supervisory Board, I would like to express our deepest gratitude to
Dennis for his fourteen years of dedicated service to Flow Traders
and his significant contribution to driving the company to where it
is today. Under Dennis’ entrepreneurial leadership, Flow Traders
has become one of the world’s leading liquidity providers and
completing the successful IPO in 2015 is one of the many highlights
of his extensive tenure. Dennis can look back with exceptional
pride on his time at Flow Traders and we wish him every success
with his future endeavors. We are delighted that Mike will assume
the role of Chief Executive Officer. He will, alongside Folkert and
the newly established Executive Committee, ensure the delivery of
Flow Traders’ ambitious growth strategy.”
Dennis Dijkstra, CEO of Flow Traders,
added: “I am incredibly proud to have led Flow
Traders since 2014 and to have had the ability to work with such
vibrant colleagues. Flow Traders has grown across geographies,
asset classes and teams, with the company going from strength to
strength on its journey to becoming a next generation global
liquidity provider. I am truly privileged to have been part of this
incredible success story. I have the utmost confidence in the
Management Board and Executive Committee to lead the business
through its next phase of development. I would like to thank all
the current and past Flow Traders colleagues; none of this would
have been possible without them and it has been an absolute
pleasure to have been part of the team.”
Mike Kuehnel,
CFO of Flow Traders,
added:“I am truly honored to be succeeding Dennis
as CEO of Flow Traders and to lead this exceptionally talented
global team. Flow Traders is a unique business with all the
essential components in place to deliver on our ambitious strategic
growth agenda. I am confident we can successfully leverage the
numerous opportunities presented by the rapidly evolving financial
markets. Naturally, I am delighted to be part of Flow Traders at
such an exciting time and look forward to building a bright future
with my passionate and talented colleagues.”
Contact Details
Flow Traders N.V.
InvestorsJonathan BergerPhone:
+31 20
7996149Email: investor.relations@flowtraders.com
MediaLaura PeijsPhone:
+31 20
7996125Email: press@flowtraders.com
About Flow Traders
Flow Traders is a leading global financial technology-enabled
liquidity provider in financial products, historically specialized
in Exchange Traded Products (ETPs), now expanding into other asset
classes. Flow Traders ensures the provision of liquidity to support
the uninterrupted functioning of financial markets. This allows
investors to continue to buy or sell ETPs or other financial
instruments under all market circumstances. We continuously grow
our organization, ensuring that our trading desks in Europe, the
Americas and Asia can provide liquidity across all major exchanges,
globally, 24 hours a day. Founded in 2004, we continue to cultivate
the entrepreneurial, innovative and team-oriented culture that has
been with us since the beginning. Please visit www.flowtraders.com
for more information.
Important Legal Information
This press release is prepared by Flow Traders N.V. and is for
information purposes only. It is not a recommendation to engage in
investment activities and you must not rely on the content of this
document when making any investment decisions. The information in
this document does not constitute legal, tax, or investment advice
and is not to be regarded as investor marketing or marketing of any
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Traders’ ability to achieve these financial objectives is
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Flow Traders’ actual results may vary from these financial
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estimates are inherently subject to significant uncertainties and
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will reflect Flow Traders’ actual results of operations.
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If you do not agree with the terms set out above please notify
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Market Abuse Regulation
This press release contains information within the meaning of
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