ProSiebenSat.1 Media Bolsters Supervisory & Executive Boards

ADVERTISEMENT

ProSiebenSat.1 Media has revealed a set of personnel changes to its supervisory and executive boards, including intending to elect Dr. Andreas Wiele as the new chairman of the supervisory board.

The current chairman, Dr. Werner Brandt, has decided not to stand for re-election at the annual general meeting on May 5, 2022, after eight years. The board plans to elect Wiele at the next annual general meeting.

Wiele will be a court-appointed member of the board from February 13, 2022, succeeding Adam Cahan, who has resigned to take up the new role of CEO of PAX Labs.

Bert Habets, former CEO of RTL Group, will be proposed for election as another new member of the supervisory board. Dr. Rolf Nonnenmacher, a member since 2015, will stand for re-election at the annual general meeting.

The supervisory board has also made several decisions regarding the executive board. Rainer Beaujean’s contract will be extended for five years with effect from July 1, 2022, and he will be appointed as group CEO. Ralf Peter Gierig, currently deputy group CFO, will become the new group CFO of ProSiebenSat.1 effective January 1. He will receive a three-year contract. Thus, the executive board team will consist of Beaujean and board members Christine Scheffler, Wolfgang Link and Gierig.

Brandt said: “I am very pleased that I depart from the supervisory board with such a strong team set-up in place. With Dr. Andreas Wiele and Bert Habets, we have gained two very distinguished media experts for the Supervisory Board, both of whom have also successfully managed many transformation processes. I am particularly pleased that Andreas Wiele has agreed to stand for the chairman of the supervisory board position and that Rolf Nonnenmacher is standing for re-election. Our thanks go to Adam Cahan for his successful work on the supervisory board over the past seven years.”

Brandt continued: “The extension of Rainer Beaujean’s contract and his appointment as group CEO is the logical consequence of his very successful work on the executive board. Together with the executive board team, Mr. Beaujean has led ProSiebenSat.1 safely through the corona crisis and implemented the strategic realignment with impressive consistency. Ralf Peter Gierig, a longtime expert on the company and an accomplished financial expert who has also made a name for himself in the capital market as a trusted contact, is taking over the finance division.”

Beaujean commented: “I would like to thank the supervisory board for the trust it has placed in me and especially Dr. Werner Brandt for the valuable exchange and the good cooperation. At the same time, I look forward to continuing to drive forward our successful strategy together with Dr. Wiele and my colleagues on the executive board.”