The future isn't certain for one of the biggest sim racing hardware companies, as Fanatec parent company Endor AG files for insolvency. An attempt to restructure under the German Company Stabilisation and Restructuring Act (StaRUG) has failed, apparently due to a request by the former CEO and majority stakeholder to "convene an extraordinary general meeting to prevent a … [Read more...]
Fanatec Appoint Andres Ruff As New Chairman and CEO
After a turbulent time for the sim racing hardware manufacturer, which included dismissing founder Thomas Jackermeier from his position leading the business, parent company Endor AG and Fanatec appoint Andres Ruff as new chairman and CEO. The news was revealed in a statement shared via social media, as the current CRO takes the new position with immediate effect. And he … [Read more...]
Fanatec Have Dismissed CEO Thomas Jackermeier
After a period beset with supply chain issues, licensing delays and getting equipment delivered to customers, Fanatec have dismissed CEO Thomas Jackermeier. Jakermeier began the business back in 1997, with the first wheel released in 1998, and parent company Endor AG named after the planet in Return of the Jedi. He also holds around 50% of the shares in Endor after the … [Read more...]