Eintracht Frankfurt CFO Resigns Amid Supervisory Board Reshuffle
Frankfurt, 21st December 2023
Eintracht Frankfurt's Chief Financial Officer (CFO), Oliver Frankenbach, will resign from his role at the start of 2024. The club's supervisory board has accepted his decision, which was made public on December 21st, 2023.Supervisory Board Reshuffle
The announcement of Frankenbach's resignation comes amid a wider reshuffle of the club's supervisory board. Leading the changes is the appointment of Philip Holzer as the new chairman. Holzer has a lengthy history with Eintracht Frankfurt, having served as a member of the supervisory board since 2016.In addition to Holzer's appointment, two new members will join the supervisory board: Axel Hellmann and Markus Krösche. Hellmann is Eintracht Frankfurt's sporting director, and Krösche is the club's sporting director. The changes to the supervisory board are designed to strengthen the club's leadership and support its long-term success.
Frankenbach's Legacy
During his time as CFO, Frankenbach played a crucial role in Eintracht Frankfurt's financial stability and growth. He oversaw the club's successful return to the Bundesliga and its historic triumph in the 2022 UEFA Europa League. Frankenbach's financial acumen has been instrumental in the club's recent successes.Bright Future for Eintracht Frankfurt
Eintracht Frankfurt is in a strong position to build on its recent achievements. The club has a talented squad and a dedicated leadership team. The changes to the supervisory board and the appointment of Philip Holzer as chairman indicate the club's commitment to continued success.While Frankenbach's departure is a loss, it also presents an opportunity for Eintracht Frankfurt to strengthen its financial management. The club's management will seek to appoint a new CFO who can continue Frankenbach's legacy of financial prudence and contribute to the club's long-term success.
