Big news from the online auction world today. Auctionata | Paddle8, the company born from two auction startups that joined forces earlier this year, has named a new CEO: Thomas Hesse, a German-American entrepreneur and finance veteran.
Hesse has an impressive resume. Previously he served as President of Corporate Development and New Businesses at Bertelsmann, one of the world’s largest mass media companies. Prior to that, he was the President of Global Digital Business and US Sales at Sony, and led the companies merger with BMG. While there, he also co-founded VEVO, the largest platform for music videos online.
“Three years after the launch of the livestream auction, Auctionata | Paddle8 is one of the most promising and innovative companies at the highly dynamic intersection of ecommerce, media, art and luxury goods,” said Hesse, in a statement. “The recently merged company has built a strong digital platform with a powerful business model in a short amount of time, and has enormous opportunities to scale further. I am very excited to lead Auctionata | Paddle8 as the company is entering its next phase of sustained and rapid growth.”
Hesse will take over the role from the previous CEO, Alexander Zacke, who founded Auctionata in 2012. Zacke will now serve as Chief Marketplace Officer.
In addition to the appointment of Hesse, Auctionata | Paddle8 also appointed a new Chief Financial Officer, Lucas Hülsmann. For the last 20 years, Hülsmann has worked at Procter & Gamble in Geneva, and served as theAssociate Director of Global Development Markets for the last several years.