Supervisory Board of the week: Christoph Brand (Scout24)

Christoph Brand

Pelham Capital has asserted itself: Christoph Brand has surprisingly moved into the supervisory board of the portal operator Scout24 (Autoscout24, Immobilienscout24) at the suggestion of the hedge fund. The Swiss media manager had received around 54 percent of the votes, Supervisory Board Chairman Hans Holger Albrecht announced following the Annual General Meeting last Friday. The majority of shareholders thus opposed the company’s management, which had been nominated by Mathias Hedlund, head of the Swedish online travel agency Etraveli.

Flixbus founder Schwämmlein also appointed to Supervisory Board

As planned, the shareholders elected FinTech manager Frank H. Lutz and Flixbus founder André Schwämmlein to the six-member Supervisory Board – each with around 80 percent approval. The three newcomers replace the British digital expert David Roche, the former Telekom manager Liliana Solomon and Deutsche-Wohnen boss Michael Zahn. What the choice of Tamedia manager Christoph Brand means for Scout24 is still unclear. Pelham Capital holds just under eight percent of the shares, but has not yet positioned itself as clearly as the activist investor Elliott in the debate about splitting up the company.