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ProSiebenSat.1: ex-Springer board member Andreas Wiele is to become chairman of the supervisory board

2021-12-07T06:29:22.726Z


At the media group ProSiebenSat.1 there are signs of a change at the top of the supervisory board. The former Springer manager Andreas Wiele is to lead the committee in the future.


Enlarge image

Andreas Wiele (2020)

Photo: Hannibal Hanschke / dpa

The media group ProSiebenSat.1 is getting a new head of the supervisory board: ex-Springer board member Andreas Wiele, 59, is to take over the management of the body, as the company reports.

The Annual General Meeting is planned for May 5, 2022, at which elections will take place.

The incumbent chairman of the supervisory board, Werner Brandt, 67, is no longer running after two terms in office.

Wiele worked for the Axel Springer media group in Berlin (»Bild«, »Welt«) for decades.

In 2020, after almost 20 years, he gave up his management board mandate and left the group.

Since the turn of the millennium, he has been responsible for numerous departments as a member of the Springer board.

Most recently, he was the board member for the so-called »Classifieds Media« division of the group, which includes the real estate website Immowelt and the job portal Stepstone.

Wiele then switched to the US financial investor Kohlberg Kravis Roberts (KKR).

He entered into a partnership with Springer in 2019 and joined as a major investor.

The group withdrew from the stock exchange, the common goal: to grow faster in digital businesses.

KKR has also held shares in the ProSiebenSat.1 media group since 2020, but sold the majority of them in 2021.

Wiele will be court-appointed as a member of the Supervisory Board from mid-February, as ProSiebenSat.1 continued to call it.

He succeeds Adam Cahan, who has resigned from office.

At the general meeting, Wiele should then be promoted to head of the board.

CEO is renewed

In addition, the supervisory board gave the group's top manager Rainer Beaujean tailwind: The 53-year-old will be extended by five years with effect from July 1, 2022, as it was said.

"With this contract extension, he is appointed CEO." Beaujean is currently the board spokesman.

Speculations about Beaujean last arose in November. Silvio Berlusconi, former Italian Prime Minister and the sole major shareholder of ProSiebenSat.1 with almost 24 percent of the shares, is said to be dissatisfied with Beaujean, according to a report by the business magazine “Business Insider”: Berlusconi does not want to extend the broadcaster’s contract, which expires in June, and has three positions on the supervisory board occupy with his people, reported the magazine. Berlusconi's Mediaset Group wants to set up a European media holding company. Beaujean considers such a merger to be pointless and at ProSiebenSat.1 relies heavily on local shows, infotainment and sporting events.

At the time, ProSiebenSat.1 supervisory board chairman Werner Brandt immediately made it clear: “The supervisory board fully supports the management board and the strategy of ProSiebenSat.1.

We are very satisfied with the development of the company since Rainer Beaujean and his team have been running the company in March 2020. «

mic / dpa-afx

Source: spiegel

All business articles on 2021-12-07

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