BERLIN--(BUSINESS WIRE)--Oct 2, 2026--
emnify, a global leader in IoT connectivity, today announced the appointments of Sacha Herrmann as Chief Financial Officer and Christian Friis as Chief Revenue Officer, effective immediately.
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The appointments follow the recent naming of Kenneth De Spiegeleire as Chief Executive Officer and Frank Stoecker as Executive Chairman of the Board. Together, these leadership changes strengthen emnify financial, operational, and commercial capabilities as the company enters its next phase of international growth.
“We have proven momentum. Our ambition is to now turn it into global category leadership,” said Kenneth De Spiegeleire, CEO of emnify. “That requires sharper focus, disciplined execution, and the right capabilities in the right seats. Sacha brings financial leadership and operating experience to help us scale with confidence. Christian brings the commercial intensity and international go-to-market expertise to expand our customer base and accelerate growth. Both are proven leaders, and I’m delighted to welcome them to emnify.”
Sacha Herrmann brings more than 25 years of international finance and operational leadership experience. Most recently, he served as CFO of Soldo, where he oversaw its move from card distribution to complete financial governance. At Nexthink, Sacha helped scale the company into a global software leader valued at approximately $3 billion. During his career, Sacha has led cross-functional teams across Switzerland, the United States, and the United Kingdom and has raised capital alongside leading international investors. He is a CPA and began his career in audit.
“emnify has the technology, market opportunity, and ambition to build a defining company in global IoT connectivity,” said Sacha Herrmann. “My role is to help translate that ambition into a scalable operating model, bringing clarity to decisions, discipline to investment, and the financial foundation required for durable growth. I’m excited to join Kenneth and the team at such an important point in emnify journey.”
Christian Friis brings extensive experience scaling high-growth technology businesses across AI, B2B SaaS, fintech, and telecommunications. Before joining emnify, he led the global go-to-market organization at Dixa and held senior leadership roles at TDC and Nets. He began his career in strategy consulting and has since built and led international commercial organizations across multiple technology markets.
“emnify has built differentiated technology in a market with enormous potential,” said Christian Friis. “The opportunity is to convert that advantage into even greater value for customers and more predictable growth worldwide. That means staying close to customers, focusing our commercial engine, and executing with speed and consistency. I’m thrilled to join the team and help build the next chapter.”
As CFO, Sacha will lead emnify global finance organization and help shape its financial and operating model for scale. As CRO, Christian will lead the company’s global revenue organization, with a focus on customer value, commercial execution, and international expansion.
About emnify
emnify is an award-winning IoT connectivity provider operating its global IoT SuperNetwork with access to 550+ mobile networks in 200+ countries. Powered by its own cloud-native mobile core deployed across nine regions worldwide, emnify enables enterprises to deploy and manage connected devices with real-time control over connectivity, routing, and policy. The company supports millions of devices globally across industries including fleet management, aviation, EV charging, digital infrastructure, and consumer electronics. Founded in 2014 and headquartered in Berlin, emnify continues to advance future-ready connectivity through open standards including SGP.02, SGP.22, and SGP.32.
emnify Appoints Sacha Herrmann as Chief Financial Officer and Christian Friis as Chief Revenue Officer
NEW YORK (AP) — Some relief is returning to the rattled U.S. bond market on Friday after the latest jobs report cooled worries that a potentially hot U.S economy could make inflation much worse. That's helping U.S. stocks climb near their all-time high.
The S&P 500 rose 0.9% and pulled within 0.8% of its record set in August. The Dow Jones Industrial Average was up 281 points, or 0.6%, as of 11 a.m. Eastern time, and the Nasdaq composite was 1.5% higher.
All of Wall Street got a jolt after the U.S. government said employers across the country added 29,000 jobs to their payrolls last month. That was fewer than economists expected and a slowdown from August’s hiring rate of 133,000.
More importantly for financial markets, it tamped down concerns that the U.S. economy could be so strong that it gives inflation fuel to drive even higher. Inflation has remained much worse than anyone would like, and the Federal Reserve recently raised its main interest rate for the first time in three years to try to rein in the painful increases for the cost of living.
Even though Americans are feeling more frustrated about inflation and their finances, the overall U.S. economy has been chugging along. Earlier this week, the U.S. government said the economy’s growth in the spring was stronger than earlier thought, driven by businesses building AI data centers and spending by consumers.
Friday’s jobs report eased Wall Street's concerns about a potentially overheating economy driving inflation higher, at least for now. And it pushed traders to pull back on bets the Fed will hike its main interest rate later this month at its next meeting. They now see less than a 21% probability of that, down from 64% a week ago, according to data from CME Group.
“This report strengthens the case for the Federal Reserve to remain patient,” according to Adam Schickling, senior economist at Vanguard. “The labor market has not deteriorated sharply, but there is also little evidence that it has meaningfully strengthened, giving policymakers reason to wait for additional data.”
The pullback in expectations for an October rate hike helped yields ease for all kinds of Treasury yields.
The centerpiece of the U.S. bond market, the 10-year Treasury, saw its yield briefly drop below 5.17% before it pulled back to 5.24%. That's down from its peak near 5.35% on Thursday, when it and other longer-term yields neared their highest levels in two decades.
An easing of yields can help the economy by making it more affordable for everyone to borrow money. Higher yields, meanwhile, tend to undercut prices for stocks and other investments.
Of course, a solid U.S. economy and worries about inflation are only a couple of the many drivers that have caused yields to jump in bond markets worldwide.
Concerns about big spending by governments, along with the mountains of debt they’re racking up, continue. In France, for example, yields have been particularly shaky as the government contends with its record debt and strained budget.
On Friday, a drop for oil prices helped take some pressure off bond markets worldwide. The price for a barrel of Brent crude fell 2% to $100.24. It’s been swinging sharply on uncertainty about when the war with Iran will allow the global oil industry to return to normal.
Lower yields in the bond market help investors justify paying higher prices for stocks, even those that get criticized for being too expensive. That helped companies in the artificial-intelligence industry add to some of their already stellar gains.
Nvidia’s 1.8% rise was the single strongest force lifting the S&P 500.
Tesla rallied 4.8% after the electric-vehicle company said it delivered 486,532 vehicles to customers during the latest quarter, more than analysts expected.
Such gains more than made up for a 5.9% drop for Nike. The sneaker and athletic apparel company reported a stronger profit for the latest quarter than analysts expected, but its revenue weakened by more than feared. Nike also gave a forecast for profit this fiscal year that fell short of analysts’ expectations.
In stock markets abroad, indexes bounced back in Europe from sharp losses taken a day earlier after bond yields swung sharply across the continent.
Asian indexes were mixed, with Hong Kong’s Hang Seng dropping 2.6% but South Korea’s Kospi adding 0.5%.
AP Business Writers Chan Ho-him and Michelle Chapman contributed to this report.
FILE - Signs mark the intersection of Wall Street and Broadway in New York's Financial District on Wednesday Dec.11, 2024. (AP Photo/Peter Morgan, File)
