Ruedigar Baumann steps down as Zimory CEO

Ruedigar Baumann, who helped Zimory build a cloud computing market in partnership with Deutsche Boerse, has stepped down and Zimory said it has picked his successor, although it did not name that person.

In July, Zimory announced $20 million in funding, with contributions from Deutsche Boerse, which runs the Frankfurt Stock Exchange, and other investors.

In an email sent Sunday, Baumann wrote:

“Now that the foundation of the world’s first vendor-neutral cloud computing marketplace with Deutsche Boerse Group is complete, it is time for me to step down as Zimory’s CEO.  With this exciting involvement alongside Deutsche Boerse Cloud Exchange, I leave Zimory well positioned to becoming a leading cloud computing company.”

According to an emailed statement, Berlin-based Zimory said that “a new member of the management team has already been selected and will be added to Zimory’s leadership team in January 2014.”