Professor Dr Udo Wupperfeld has resigned from his position as managing director of German venture capital firm Leonardo Venture Capital.
The announcement by the firm follows last week's departure of Professor Dr Hans-Georg Köglmayr, stating health reasons.
Professor Wupperfeld 'will concentrate on his teaching and research work as Professor at Pforzheim University of Applied Sciences in the future', according to a statement. Leonardo said Professor Wupperfeld had originally planned to resign from the firm in autumn.
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Leonardo Venture Capital's MD Professor Wupperfeld quits