News

Modum adds international sales expertise to its board of directors, setting the course for commercial growth

News

Modum adds international sales expertise to its board of directors, setting the course for commercial growth

Press Releases

May 13, 2019

Zurich, 13 May 2019 - Swiss supply chain intelligence and automation expert Modum has appointed former SAP executive and Signavio COO Mark Holenstein to the board of directors of modum.io AG. The move forms part of a broader effort to prime the company for accelerated growth and coincides with the adoption of a new holding structure to support the scalability of the business.

After the successful market introduction of its blockchain-secured supply chain automation solution together with Swiss Post and SAP in December of last year, Modum is aiming to exploit growth opportunities at an accelerated pace. With the appointment of Mark Holenstein, the Zurich-based company will add profound B2B sales expertise to its board of directors. Mark Holenstein is the Chief Operations Officer of Signavio and has previously worked in senior sales roles at Hybris and SAP for more than a decade, where he held the role of Executive Vice President Global Sales SAP Hybris. He has been appointed to the board of directors of modum.io AG as of 7 May 2019.

In addition to strengthening its corporate sales expertise and realigning its management team at the end of last year, Modum has adapted its legal structure to enable the business to scale more easily across international markets. As per last December, Modum has established Modum Holding AG, which holds all shares in modum.io AG. In the course of these adaptations, and to ensure the sustainable involvement of original founders and investors in the strategic leadership of the company, Modum co-founder Marc Degen has been appointed chairman of modum.io AG per 7 May 2019. He has previously served as a member of the company’s board of directors. Previous modum.io AG chairman Werner Spörri has taken on the role of chairman for Modum Holding AG.

Modum co-founder and chairman of modum.io AG Marc Degen said about the company’s increased focus on business growth: “After the successful launch of our solution, we are now focusing on expanding our business at an accelerated pace to gain market traction. I’m excited to welcome Mark Holenstein to the modum.io AG board of directors and look forward to his support in taking Modum to the next level in terms of commercial success.”