AUTO1

JPMorgan confirms an overweight rating for AUTO1 and a price target of 37 euros. The resignation of CFO Christian Wallentin for family reasons comes at a crucial time for the rollout of financial products and could spark speculation about delays in implementing the strategy. However, the bank still views AUTO1’s turnaround story as on track. » Mere på finanzen.net

Online used-car retailer Auto1 is searching for a successor to finance chief Christian Wallentin, who is leaving his post for family reasons. CEO and co-founder Christian Bertermann will temporarily take responsibility for the finance function. The search for a successor is already at an advanced stage, and Wallentin will remain available to the company in an advisory capacity. » Mere på de.investing.com

Finance chief Christian Wallentin is stepping down for family reasons. CEO and co‑founder Christian Bertermann will temporarily assume responsibility for the finance division. The search for a successor is already well advanced; Wallentin will remain with the company in an advisory capacity. » Mere på finanzen.net