Bike24 Announces CFO Departure

Bike24 Holding AG has announced a significant personnel change within its Management Board. Timm Armbrust, the current Chief Financial Officer (CFO), will step down from his position at the German online retailer. Both Armbrust and the Supervisory Board have agreed to end his contract, originally set to run until December 31, 2027, on June 30, 2025, by mutual agreement.

The Supervisory Board plans to appoint a new CFO soon to ensure a smooth transition. The move comes as part of an internal review to adapt to evolving market conditions and business strategies. The company remains committed to maintaining its operational and financial goals amidst this change.