GRENKE AG’s Supervisory Board has announced the appointment of the current Head of Finance, Dr Martin Paal, as Chief Financial Officer, effective from July 1, 2024.

A proven finance and banking expert, Dr Paal joined GRENKE AG as Vice President Controlling in June 2022 after holding several positions at international consulting firms and DZ Bank.

In March 2023, he was appointed as General Representative and Senior Vice President as well as Head of the Finance Division.

As the designated CFO, he will be responsible for the Accounting & Tax, Controlling and M&A, and Treasury and Reporting departments.

Chair of the Supervisory Board of GRENKE AG, Jens Rönnberg WP StB, said: “Dr Paal has been the acting deputy to Dr Sebastian Hirsch in the Finance department since February 2023. Alongside their colleagues on the Board of Directors, Isabel Rösler and Gilles Christ, they have grown into a successful team and have our full trust and support.”

Commenting on Dr Paal’s appointment, Dr Sebastian Hirsch, CEO of GRENKE AG said: “I am very pleased with Martin’s appointment as Chief Financial Officer. We have worked very closely together over the past eighteen months. As my successor in the Finance department and fourth Management Board member, he signifies continuity, solid governance and reinforces our well-proven strategy.”