Patrick Möller Resigns from New Work VP Role Amid Delisting

Company - People | Apr 17, 2025 | Aim Group

Patrick Möller Resigns from New Work VP Role Amid Delisting

Patrick Möller has resigned as Vice President of Investor Relations at New Work SE, the parent company of job board Xing and employer-rating site Kununu. This departure follows New Work’s delisting from the Frankfurt Stock Exchange in August 2024, an action initiated by an agreement with majority shareholder Burda Digital. Möller’s journey with New Work began in 2007 when it was known as Xing AG. Over the years, the company has evolved from a publicly traded entity to a dominant player in the DACH region with almost 23 million members and revenue around €300 million. Despite stepping down, Möller is known to be an investor and board member of Airtime Software AG, a Hamburg-based company specializing in investor relations. New Work SE, established in 2003, operates a range of brands including Kununu and Internations, and employs approximately 1,200 people in various European cities.

Sectors

  • Technology
  • Human Resources
  • Financial Services

Geography

  • Germany – New Work SE is headquartered in Hamburg and services the DACH region, consisting of Germany, Austria, and Switzerland.
  • Europe – New Work SE operates offices in cities across Europe, including Berlin, Barcelona, Valencia, Vienna, and Porto.

Industry

  • Technology – New Work SE operates digital platforms such as job board Xing and employer-rating site Kununu, placing it in the technology sector.
  • Human Resources – The company's focus on employer branding and recruitment through platforms like Xing and Kununu aligns with the human resources sector.
  • Financial Services – Patrick Möller's role in investor relations and Airtime Software AG's focus on connecting companies with shareholders relates to financial services.

Financials

  • €300 million – New Work SE's annual revenue.

Participants

NameRoleTypeDescription
Patrick MöllerFormer VP of Investor RelationsPersonRecently resigned from New Work SE following the company's delisting.
New Work SETarget CompanyCompanyParent company of job board Xing and employer-rating site Kununu.
Burda DigitalMajority ShareholderCompanyMajority shareholder responsible for New Work SE's delisting decision.
Airtime Software AGAssociated CompanyCompanyConnects companies with shareholders; Patrick Möller is a board member.