CME Names Pair of CEOs

HAMILTON: Christoph Mainusch and Michael Del Nin have become the new co-CEOs of Central European Media Enterprises (CME), effective today.

For the past decade and a half, Mainusch has been the CEO of a number of media companies. He most recently held the title of consultant for Turner Broadcasting International. Before that he was a member of RTL Group’s Operational Management Committee.

Since 2009 Del Nin has been a CME director. He has also served as the senior VP of international and corporate strategy for Time Warner, a senior VP of business development at New Line Cinema and an investment banker for Salomon Smith Barney’s media and entertainment group.

Ronald Lauder, CME’s founder and chairman of its Board of Directors, commented on behalf of the Board: “We are very pleased that Christoph and Michael are leading CME’s executive team. Michael, who has served on CME’s Board of Directors since 2009, is an insightful executive with a well-developed understanding of the media business, and Christoph brings a wealth of operating experience and has a proven track record of successfully managing broadcasters, including in our markets. We believe their skills and experience are the right fit for CME. This dynamic combination of Michael overseeing corporate matters, allowing Christoph to focus primarily on operations, demonstrates the Board’s commitment to getting the right value for CME shareholders.”

Mainusch said: “I am excited to join CME and look forward to this challenging task. I am very happy to team up with Michael and we will do our utmost to build on the company’s current position of audience share leadership in each of its six countries.”

Del Nin added: “It’s a great privilege for me to have the opportunity to work alongside someone as accomplished as Christoph to lead CME. I know many of the talented people at the company and I can’t wait to join their team.”