Ruediger Trautmann Leaves Pago – Markus Weber Takes Over
Cologne, 22 September 2005 – Ruediger Trautmann has, at his own request, resigned as CEO
with effect from 30 September 2005 after five and a half years at the helm of Pago. Pago has
been headed by two executive officers till now: Ruediger Trautmann as CEO and Dr. Markus
Weber as CFO. Markus Weber takes over as sole CEO as from 1 October 2005 and will
therefore also take on the customer-orientated responsibilities.
Pago will continue with its successful strategy as an international acquiring and payment service
provider strengthening its position as one of Europe’s leading service companies in its field. Pago is a
Deutsche Bank AG and Beisheim Holding Schweiz AG company.
Short biography: Dr. Markus Weber:
After graduating with a degree in Business Administration and being awarded a doctorate from the University of
Münster, Germany, Markus Weber began his professional career in 1991 as the Project Manager for New
Business Development for the Westdeutsche Landesbank Girozentrale in Düsseldorf. In 1995 he became a
Senior Advisor for Subsidiaries and Affiliates at WestLB Headquarters responsible for the bank’s investment
portfolio in retail, wholesale and small and medium sized companies. From 1996 to 1998 Weber became a project
manager and headed the successful restructuring of a medium-sized chemicals group, selling the company on to
a group of international investors. In 1999 he moved to the Deutsche Bank AG, Frankfurt, as a Divisional Director
responsible for group holdings and investments in the Asia/Pacific region as well as for transaction banking in
Germany. From the beginning of 2000 until his move to Pago, he was a Director for Corporate Development at
the Deutsche Bank.
Markus Weber became CFO of Pago on 1 February 2001 and has since been responsible for Finance,
Operations, IT and Risk Management Services. As from 1 October 2005 Markus Weber takes over as the sole
CEO of Pago eTransaction Services GmbH, thereby adding Product Management, Customer Care, Sales and
Marketing to his portfolio of responsibilities.
Current photos of Dr. Markus Weber can be downloaded from the press section at
https://www.pago.de/Pago_Photos.516.0.html.
Pago eTransaction Services GmbH:
Pago eTransaction Services GmbH (Cologne, Germany) is an international Acquiring & Payment Service Provider
for e-Commerce businesses, shops (point-of-sale) and mail-order businesses. Pago enables its clients to receive
payments for their goods and services securely and quickly through electronic channels.
Because of the worldwide unique integration of credit card acquiring and payment processing, Pago gives
businesses of all sizes access to all internationally and nationally relevant payment. The range of payment
methods includes Visa and MasterCard, American Express, Diners Club, JCB, Switch/Solo as well as locally used
direct debit methods.
Pago was founded in 1999 and is a Deutsche Bank AG and Beisheim Holding Schweiz AG company, offering its
services through a global partner network. Pago currently operates over 5.700 active online-shop connections. Its
clients include more than 780 companies from various industries including e-Retailing, telecommunications,
online-gambling, online-pharmacy and travel. (as of June 2005).
More information available at www.pago-international.com.
Press Contact:
Pago eTransaction Services GmbH dreimarketing GmbH
Andreas Stefanis Rainer Bartel
Head of Corporate Communications
Kaltenbornweg 1-3, 50679 Cologne Pinienstr. 2, 40233
Duesseldorf Germany
Tel. +49 221 3208 728 Tel. +49 211 984946 40
Fax. +49 221 3208 8728 Fax. +49 211 984946 53
E-Mail: presse@pago.de E-Mail: pago@dreimarketing.de
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