November 24, 2017 10:26 AM ET

Internet and Direct Marketing Retail

Company Overview of Paddle8, Inc.

Company Overview

Paddle8, Inc. is an online auction house that connects buyers and sellers of fine art and collectibles across the Internet. It offers monthly themed and benefit auctions. The company was incorporated in 2010 and is based in New York, New York with additional offices in New York and Los Angeles. As of June 20, 2016, Paddle8, Inc. operates as a subsidiary of Auctionata AG.

30 Cooper Square

New York, NY 10003

United States

Founded in 2010

Phone:

212-343-1142

Fax:

212-343-1147

Key Executives for Paddle8, Inc.

Chief Operating Officer
Managing Director for Themed Auctions
Managing Director of West Coast for Themed Auctions
Head of Benefit Auctions for Americas
Compensation as of Fiscal Year 2017.

Paddle8, Inc. Key Developments

Auctionata | Paddle8 Announces Management Changes

Auctionata | Paddle8 has expanded its leadership team. Thomas Hesse, 49, has been named new Chief Executive Officer (CEO), to lead the German-American high-growth company. Auctionata | Paddle8 also appointed Lucas Hülsmann, 45, an experienced finance professional, as Chief Financial Officer (CFO). In his role as CEO, Hesse succeeds Auctionata founder Alexander Zacke, 50, who has held this position since 2012. Going forward, as Chief Marketplace Officer, Zacke will be responsible for the development of new sales categories and seller products for the online platform. Hesse has more than 20 years of experience in the leadership, development and digital transformation of companies in the television and media industry. He was formerly President of Corporate Development and New Businesses and member of the Executive Board of Bertelsmann, and led the merger of Sony Music and BMG and the digital transformation of the music industry over many years as Sony Music Entertainment's President of Global Digital Business and US Sales. As former CEO of RTL Newmedia and co-founder of VEVO, Hesse is one of the pioneers of video broadcasting and digital content, and has gained a deep understanding in the leadership of online startups as a business angel and venture investor. In his new role at Auctionata | Paddle8, he will lead the integration of the merged company, and its evolution from online auction house to curated live video network and global marketplace for art and luxury goods. Hesse takes over as CEO from Alexander Zacke, who founded Auctionata in 2012 in Berlin. As Chief Marketplace Officer, Zacke will continue to pursue his original vision of transforming the auction market in the digital world Lucas Hülsmann will join the management team as Chief Financial Officer on October 1, 2016. Hülsmann has worked at Procter & Gamble in Geneva for more than 20 years. In his most recent role as Associate Director Global Development Markets, he was responsible for the financial and strategic management and the Corporate Governance of P&G's global export and distributor markets for more than 120 countries. In his new position at Auctionata | Paddle8, Hülsmann will critically contribute to the further development of the company's financial structures and processes as the organization continues to expand.

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