Berlin-based online car dealer Auto1 plans to go public next week and has nominated its first woman for the supervisory board in advance: Swiss Sylvie Mutschler-von Specht is expected to join the board shortly. The 56-year-old heads Mutschler Ventures AG in Zug, which invests in startups and young companies. The company was one of the first backers of Auto1, but has since sold its shares. Sylvie Mutschler-von Specht thus knows the online car dealer very well, especially since she initially sat on the advisory board. This is “good and helpful” in such a phase, she told the Handelsblatt.
Old master Gerhard Cromme acts as chief controller
In the six-member supervisory board, the Zurich native meets experienced managers and entrepreneurs such as board chairman Gerhard Cromme (77), co-founder Hakan Koc and ex-BayernLB boss Gerd Häusler. Andrin Bachmann and Anthony Doeh are two experts from the venture capital and private equity scene respectively. Auto1 aims to raise up to two billion euros at the IPO, with the first listing planned for February 4. Revenues fell by around 0.5 billion euros to 2.05 billion euros in the first nine months of 2020, but the loss was smaller than in the previous year.