That is not good news, in my opinion.
To me, the whole press release reads quite strangely and reminds me of an episode of “Succession”
The fact that the old family patriarch who built Sixt to its current size and not his son Alexander Sixt, the current CEO, is quoted indicates tensions between Alexander and the departing CFO.
The fact that there is an internal promotion could also point to a sudden departure of the current CFO that caught Sixt off guard but to be fair Sixt recruiting it’s top leadership internally in the past as well.
Sixt apparently also sees the need to highlight “continuation” in the press release with the reappointment of the two Co-Ceos + COO and mention of the fifth board member Vinzenz Pflanz.
Overall I continue to view Sixt as cheaply valued but my appetite to increase the position diminished for now.