NexTech AR appoints SAP executive Eugen Winschel as chief operating officer

NexTech AR Solutions Corp (OTCQB:NEXCF) (CSE:NTAR) has hired SAP executive and artificial intelligence expert Eugen Winschel to be its new chief operating officer, the company announced Tuesday. 

Winschel spent 18 years at SAP, the German multinational software company, most recently as its global vice president. While there, he worked to develop an enterprise AI solution using machine learning and ran multiple corporate-wide growth and efficiency initiatives. 

“The NexTech board is thrilled to have Eugen join the company, and I am beyond excited to have him join the NexTech family at this pivotal time of our rapid growth stage,” CEO Evan Gappelberg said in a statement. “In addition to his 18 years of worldwide experience at SAP, he comes with an unique combination of business and technical savvy and a great understanding for financial success. He consistently exceeds expectations in all areas and I’m confident that he will add tremendous value to the team from day one.”

READ: NexTech AR Solutions closes C$13.2 million financing during “pivotal” growth period

At NexTech, Winschel will help the company scale up from a 70-person team to a 700-person global organization, the company said. 

“NexTech is one of the most exciting and innovative companies in the augmented reality space with a novel visionary approach,” Winschel said. “I was impressed with how their focus on evolving the technology is perfectly synchronized with their business acumen and ability to see how AR can improve business interactions.”

In conjunction with his appointment, Winschel will receive 500,000 stock options with an exercise price of C$5.88 for a period of three years. 

“People around the globe have shifted to a heavy reliance on virtual connectivity and the AR products that NexTech is creating will change how people do business,” Winschel said. “Evan Gappelberg has created a unique foundation on which to build the company, resulting in a transformational platform, immensely talented colleagues and limitless potential. It is a personal honor to join Evan and the team to take NexTech to the next level and beyond.”

NexTech, based in New York and Toronto, offers video conferencing and virtual events with InfernoAR, AR for e-commerce companies, AR in Chat and “v-commerce,” an in-store virtual reality experience.

Contact Andrew Kessel at [email protected]

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Story by ProactiveInvestors