Founder of language learning platform Babbel steps down as co-CEO to focus on board role
Babbel, the popular Berlin-based language learning service, today announced that its founder and current co-CEO Markus Witte is stepping down from his CEO role but that he will remain the executive chairman of the company’s board. The company’s current co-CEO Arne Schepker will become Babbel’s sole CEO.
In addition to these leadership changes, the company also today announced that it has appointed Katherine Melchior Ray, who held previous executive positions with luxury consumer brands like Japan’s Shiseido, Hyatt Hotels, Tommy Hilfiger, Gucci and Louis Vuitton, as its new Chief Marketing Officer.
All of these changes come as Babbel ends as Babbel hits 100 million Euro in revenue for its 2018 financial year.
As Witte and Schepker told me in an interview ahead of today’s official announcement, there were a few reasons why the team decided that this would be the best way forward. And while it’s unusual for U.S. founders to step back from their CEO role, especially as a company is hitting a new growth phase, Witter argues that going forward, being the chairman of the board will put him in the best position to ensure the company’s future going forward.
“Being CEO and chairman of
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