Thomas Ebeling, CEO of ProSiebenSat.1 Media, will step down from his role at the European media company in February 2018.
Ebeling’s contract with the company runs through mid-2019 and according to a ProSiebenSat.1 release, he had already informed the board that he would not renew. “Against this background, the supervisory board initiated the search for a successor some time ago and will appoint a successor in due course.” Conrad Albert, member of the executive board and general counsel, has been appointed as deputy chairman with immediate effect.
Dr. Werner Brandt, chairman of the supervisory board of ProSiebenSat.1 Media, noted, “Thomas Ebeling has been chairman of the executive board since the beginning of 2009 and has proven during this time to be one of the outstanding entrepreneurs of the media industry. On behalf of the entire supervisory board, I would like to thank Thomas Ebeling for his outstanding accomplishments, which have lastly led the company entering the DAX. Our search for a successor focuses on a personality that continues the outstanding work of Thomas Ebeling and continues to drive diversification and digital transformation with equally entrepreneurial vision and assertiveness. The supervisory board expressly supports the current corporate strategy, i.e. the implementation of the three-pillar strategy through the merger of the Broadcasting German-speaking and Digital Entertainment segments, the resulting realization of cost synergies and the potential participation by co-investors in the company’s content production and digital commerce businesses. In doing so, we are aligning the group structure to a dynamically developing media landscape and are laying the foundation for a continued sustainable increase in the enterprise value.”
Ebeling added, “I am convinced that ProSiebenSat.1 will add further positive chapters to its success story with the measures taken. The announced three-pillar strategy will strengthen ProSiebenSat.1’s competitiveness and, at the same time, mark a significant milestone in the diversification and further digital transformation of the company, which now already generates more than 50 percent of its revenues outside of the traditional TV business. With its strong TV business, access to data and technology and the dynamically growing commerce business, ProSiebenSat.1 has all the prerequisites to proceed in a successful manner going forward. Already today, I wish the company, the management team and its passionate and dedicated employees all the best and continued success in this way. My successor will find a motivated and experienced team that is well equipped to continue the success story of ProSiebenSat.1.”