Dental correction shop operator Bestsmile joins the Migros company galaxy. The three founders consequently give up the reins of the company five years after its creation at Sparrow Venture, organ of development of the orange giant.
Former Chief Executive Officer (CEO) Ertan Wittwer, Chief Financial Officer (CFO) Philip Magoulas and Chief Operating Officer (COO) Marcel Kubli will retain an advisory role, said a joint statement on Thursday. Mr. Wittwer will also remain on the board of directors, where he has been working alongside Sparrow Venture boss Lorenz Lüchinger since 2019.
The succession of the founders to the main executive functions has already been settled internally. The former head of sales (CRO) Michael Wendt takes over the scepter, when the purse strings are entrusted to Christoph Kohler, hitherto in charge of finance and promotion. Dominic Schär will inherit the position of COO.
The young shoot from Zurich claims to cover the entire Swiss territory. The 36 firms and 320 employees generated in 2021 a turnover of around 50 million francs. The company guarantees to produce all of its appliances and facets in Winterthur.
The publication ignores the sale price.
/ ATS