tado° appoints Toon Bouten as Chief Executive Officer

Munich, Germany, June 20, 2017 - tado GmbH announced today that Toon Bouten will succeed Christian Deilmann as Chief Executive Officer, effective July 10, 2017. Deilmann will focus on product, strategy and business development as Chief Product Officer and as a member of the Executive Management Board.

As an internationally recognised manager, Bouten brings more than 30 years of experience as CEO of large consumer electronics organisations, internet companies and start-ups.

Christian Deilmann, Co-founder of tado° explains, “At tado° we believe in two factors for success: Fast growth of connected households and recurring revenues from service offerings. Over the last years I focused all my energy on the first and it worked out very well with year-over-year growth rates of more than 100 per cent. But I always wanted to have more time to drive our new service business models and I will now be able to do exactly this. I feel extremely fortunate to have found someone of Toon’s stature for our management team.” Deilmann continues, “Toon’s experience in managing Fortune 500 companies such as Philips Consumer Electronics and Compaq Computers will help us grow the organisation as we continue on our strong growth path. His track record of scaling the online recruiting start-up Jobline and bringing it to an IPO matches our plans for tado°. Most importantly, Toon is a natural fit with our company culture.”

"Christian has created the market for smart climate control over the last six years in Europe with tado°,” said Toon Bouten. “With enormous passion and an outstanding team, Christian and the whole company deliver amazing products and services which are used by several hundred thousand customers every day. It’s an exciting proposition to extend tado’s market leadership whilst fighting climate change by providing more intelligent control for buildings. I am thrilled by the opportunity to work as part of the management team to bring tado° to its next phase of growth.”

Kurt Müller, Chairman of the supervisory board of tado°, added, “Christian has founded a fantastic company and created huge shareholder value. Under his leadership tado° has continued to set the pace for a new generation of energy companies. We support the founder’s decision to hire Toon Bouten as new CEO and warmly welcome Toon to the team.”

Toon Bouten previously served as Vice President of Philips Electronics NV, where he led the European Consumer Division with multibillion Euro revenues in 48 EMEA countries. As Vice President of Compaq Computers he started the Compaq Consumer Division in EMEA and reached the number one market position in Europe with more than a billion Euro of revenues within six years. In early 2000, he took over the CEO position from the founder of Jobline AB, one of the first online recruiting companies and within one year successfully scaled the company to three divisions in nine countries, quadrupled revenues and listed the company on the Stockholm Stock exchange. More recently Toon served as President and CEO of GN Store Nord and GN Netcom, the Danish headset maker where he successfully redesigned its value chain and transitioned it to a scalable and well-positioned leader in the headset industry. Toon Bouten holds an engineering degree from the Technical University of Eindhoven.

About tado°

Headquartered in Munich, tado°, the European market leader in intelligent home climate control solutions, was founded in 2011. tado° revolutionises the way energy is consumed at home. Through the use of a geo-aware app, tado° automatically adjusts the temperature based on the residents’ locations, enabling households to significantly save on energy costs while reaching a higher level of comfort. tado° has 150 employees, over €50m in venture funding and is active across Europe and the USA.

Images

High-resolution images are available here: https://www.tado.com/ee/press