Tim Schumacher Steps Down at Sedo

Sedo announced this week that co-founder and CEO Tim Schumacher is stepping down at the end of January. Schumacher was one of four co-founders of Sedo in 2001.  He is resigning for personal reasons. 40-year-old Tobias Flaitz becomes the CEO and a board member on February 1, 2012. Flaitz comes to Sedo from Hubert Burda Media where he has been in management since 2007.  Schumacher is still a young man at age 35.  He was named “Entrepreneur of the Year” by Ernst & Young Germany in 2007.

Sedo
 has consistently been one of the top domain name marketplaces and monetization platforms.  They still outperform most parking companies. 
Tim emailed Andrew Allemann of DNW.com about his future plans:

I have been actively involved as a Business Angel for quite a while, and I might increase investments there and/or dive in deeper into one of my startups, once I have found ‘the next big thing. 

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