Klaus Kappeler, CEO of the Goldbach Group AG announced his resignation, effective April 29, 2014. He will be succeeded by his deputy Michi Frank, formerly CEO of Goldbach Media (Switzerland) AG. The change in operative management has been carefully prepared by the Board of Directors of the Goldbach Group and Klaus Kappeler.

During the course of the coming year 2014, Klaus Kappeler will help his long-time colleague and successor prepare for his executive role. When operative management changes hands, Klaus appeler will join the Board of Directors of the Goldbach Group, where he will continue to play an active role in shaping the company's strategic direction. Kappeler will turn operative management over to his current deputy, Michi Frank, on May 1, 2014 and transfer to the Board of Directors at Goldbach Group AG.

Martin Radelfinger, Chief Strategy Officer at Goldbach Audience, will leave the Executive Board of the Goldbach Group effective by the end of July 2013. He will set up a Business Development Hub for the Goldbach Group AG in Silicon Valley. The move aims to permit early identification of technologies and business models in the area of digital and interactive advertising and trend scouting in regard to start-ups with an affinity to the core business area of the Goldbach Group.

In Addition he will take part in an Executive Program for Innovation and Start-up Management at Stanford University in California.