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Peter Vesco becomes the new CEO of ClickandBuy

On July 1, 2011, Peter Vesco will replace Charles Fränkl as ClickandBuy’s new CEO. Mr. Vesco’s last role was as President and Managing Director for Northern Europe at Hypercom Corp. and he is seen in the industry as a renowned expert and manager with many years’ experience in the payment market. His previous roles have included CEO of GSA (Germany-Switzerland-Austria) and Italian operations at FirstData and COO of GSA and Italian operations at Atos Worldline.

 

Charles Fränkl, who has headed ClickandBuy since January 2009, will be leaving the company on June 30, 2011 at his own request.

 

Furthermore, on July 1, 2011, Frank Stoffer will assume the position of CFO and Managing Director of ClickandBuy Holding GmbH in addition to his current management activities at CBS GmbH. He will be replacing Frank Brinker. Frank Stoffer brings with him many years of experience in the finance area of Deutsche Telekom and since the takeover of ClickandBuy as a wholly-owned subsidiary of the Deutsche Telekom AG Group, he has already made a significant contribution to consolidating the financial structures.

 

Dr. Martin Enderle, Chairman of the Supervisory Board of ClickandBuy Holding GmbH and the Head of Internet Business at Deutsche Telekom AG, comments: “With Peter Vesco, I am pleased to have gained a top manager as ClickandBuy CEO. Since we are interested in further developing our payment activities, his sound payment expertise has made him an ideal candidate for us. I would like to cordially thank Charles Fränkl and Frank Brinker for their great commitment. Both will continue to provide support in the payment area at Deutsche Telekom AG."

 

About ClickandBuy

ClickandBuy is one of the leading payment systems on the Internet. Certified by McAfee and tested by Germany’s Technical Inspection and Testing Association (TÜV), this online payment system is currently used for Internet purchases by over 13 million people.

Over 16,000 online traders use ClickandBuy’s e-payment system for their e-commerce, online entertainment, and paid content & services billing, including T-Online Musicload, Gamesload, Softwareload, Videoload, Scout24 Group, Apple iTunes, Napster, Medion, AOL, Web.de, Saturn, Meetic, Parship, Neu.de, Electronic Arts (EA), McAfee, Panda, Orange, bonprix, Redcoon, notebooksbilliger.de, buch.de, Foto.com, RTL, Stiftung Warentest, DER SPIEGEL, Spiegel ONLINE, Bild, Die Welt, Playboy.de, ftd.de, faz.net, Deutsche Börse Group, KPMG, ADAC, etc.

Founded in 1999, the online payment system is operated by ClickandBuy International Ltd. in London. Since April 1, 2010, ClickandBuy has been a wholly-owned subsidiary of Deutsche Telekom AG. As an e-money institution licensed by the UK’s Financial Services Authority (FSA), ClickandBuy is a full-service system (complete payment system) that offers 50 national and international methods of payment in 120 currencies.

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