TMG Names Head of Corporate Development, M&A

MUNICH: Former ProSiebenSat.1 exec Bernd Wendeln has been named head of the corporate development and M&A division of Tele München Group (TMG).

In his new role, Wendeln will promote development of the core business, as well as digitization. Previously, the exec served as VP of M&A/corporate development for the ProSiebenSat.1 group, where he was responsible for transactions in the areas of TV, TV production and digital/online video. He was also a member of the group’s supervisory board of the corporate holding Collective Digital Studio, a YouTube network in the U.S.

“With his extensive experience and contacts in the fields of media, corporate development and private equity, Bernd Wendeln will make a significant contribution to the growth of the Tele München Group,” commented Herbert L. Kloiber, the managing director of TMG. “His role will be centered on establishing new digital business models and strategic diversification of the group’s activities.”