Cancom CEO quits

Cancom CEO Thomas Volk has quit the company over “differing opinions on the future strategic development of the company”.

The company’s supervisory board will replace the outgoing CEO with COO and member of the executive board Rudolf Hotter as of 1 February. Volk’s duties will be split between Hotter and the firm’s CFO Thomas Stark.

Volk took the reins of the company some 15 months ago when  CEO of 26 years, Klaus Weinmann, stepped down. The dark satanic rumour mill manufactured a hell on earth yarn that Cancom was weighing options for a sale – with reseller giants CDW, NTT and Bechtle in the frame to buy the company.

Then last year Cancom OCSL, before snapping up Irish MSP Novosco. Volk expanded Cancom’s own channel of partners for its software solution called AHP.

The Munich-based firm has continued to post stellar financials under Volk’s leadership, with its results for the first nine months of 2019 revealing a 22 per cent revenue jump to €1.18bn, while profits leapt by 19.9 per cent to 98.3 million.