ProSiebenSat.1 Group continues to implement its three-pillar strategy: As of April 1, 2019, ProSiebenSat.1 will establish a new Executive Committee on holding level, consisting of the CEO, CFO and Deputy CEO Group General Counsel. At the same time, the pillars Entertainment, Red Arrow Studios and NuCom Group will be led by two co-CEOs respectively. All co-CEOs as well as some key functional leaders will be part of a broader Executive Board, reporting to CEO Max Conze.

With this, more operative decision-making power will be transferred to the individual pillars thus setting up the Group significantly more agile and effective and pushing ahead with its transformation even more consistently. Wolfgang Link, Chief Content & Channel Officer Entertainment, will be appointed as co-CEO Entertainment. He will be responsible for the linear and the digital content as well as all platforms. Having many years of experience in the live entertainment and production segment and ten years at ProSiebenSat.1, he will lead the new stand-alone formed Entertainment pillar together with Michaela Tod, who will join ProSiebenSat.1 as co-CEO Entertainment in April 2019.

She will be responsible for the management and further development of the Sales, AdTech, SevenVentures and Marketing divisions. She previously spent over 14 years with the British technology group Dyson. In her last position, she led Dyson's Greater China region as President.

In three years, she grew the China business from a startup to a company with over 1,500 employees and one of Dyson's top three markets. She has been at the digital frontier working closely with Alibaba, Tencent and others and brings a global outlook to ProSiebenSat.1. The Content Production & Global Sales pillar will continue to be led by James Baker, Red Arrow Studios, and Reza Izad, Studio71. As co-CEOs of NuCom Group, Claas van Delden and Dr. Florian Tappeiner manage the Commerce business.

Each will report directly to CEO Max Conze. Sabine Eckhardt and Dr. Jan Kemper leave the Group by mutual consent After 15 years at ProSiebenSat.1 Sabine Eckhardt, Executive Board Member Sales & Marketing, has decided to leave the Group by mutual consent as of April 30, 2019. In her responsibilities are the sales subsidiaries SevenOne Media and SevenOne AdFactory, the investment business of SevenVentures, the marketing organization as well as all advertising technology companies like Virtual Minds and esome.

Prior to her appointment to the Executive Board, she held various managing director positions within ProSiebenSat.1. Eckhardt successfully converted the Group's sales structures into a modern integrated sales house and pushed ahead with the development of innovative advertising technologies and products. By doing so, she set up the advertising business at ProSiebenSat.1 in an efficient and future-oriented way. After almost two years as CFO, Dr. Jan Kemper will leave ProSiebenSat.1 on March 31, 2019 by mutual consent to pursue new professional challenges.

His successor Rainer Beaujean, current CFO of the listed packaging manufacturer Gerresheimer AG, will begin his position as Chief Financial Officer on July 1, 2019. Since 2000, Beaujean has managed the financial departments of several large corporations. Starting at T-Online, Beaujean also held the position of CEO between 2004 and 2006 and pushed ahead with the internationalization of the group.

During the transition period, Ralf Peter Gierig, the longstanding Deputy CFO of ProSiebenSat.1, will take over as interim CFO reporting to Max Conze.