Zurich, July 6, 2017 – The 2017 Annual General Meeting of Balluun AG approved the proposals of the Board of Directors and adopted the Annual Report and Annual Financial Statement for 2016, plus the proposal relating to the use of the available earnings, by a large majority.
In particular, the Shareholders of Balluun AG unanimously elected successful IT entrepreneur and investor, Ariel Lüdi, as member of the Board of Directors until the end of the next Annual General Meeting. The current members, Michael Alic, Lynda Davey, Prof. Dr. Stefan Hencke and Dr. Mark Nötzold were also unanimously re-elected as members of the Board of Directors until the end of the next Annual General Meeting. The Annual General Meeting also appointed Ernst & Young AG, Zurich, as statutory auditors for the fiscal year 2017.
At the constituting meeting, the Board of Directors appointed Ariel Lüdi as Chairman and Prof. Dr. Stefan Hencke as Vice Chairman.
Balluun is changing the international B2B market with its industry-specific social networking platforms, on which wholesalers and retailers, exporters and importers as well as suppliers and buyers can exchange business information while networking and contacting each other directly. In this way, Balluun promotes and ensures efficient and effective B2B trade around the globe at all times. With over 40,000 members on five different marketplaces, the Balluun365 platform with its established SaaS technology provides an open and scalable cloud-to-mobile architecture. The Balluun subscription model is focused on strategic partnerships and supports cost-effective marketing with its efficient, well frequented, industry-specific marketplaces.