German-based media company ProSiebenSat.1 is restructuring its entertainment division as part of a wider organizational overhaul.
Wolfgang Link (pictured, right) and Michaela Tod (left) have been appointed to the roles of co-CEOS of entertainment, which will be structured as a stand-alone company within the group.
Link, who currently serves as chief content & channel officer of entertainment, will be responsible for the linear and digital content and platforms. He will lead the newly formed stand-alone entertainment branch with Tod, who will join the company as co-CEO of entertainment in April.
Tod will assume the responsibilities from Sabine Eckhardt, executive board member sales & marketing, who is leaving the company by mutual consent. She will be tasked with overseeing the further development of the sales, AdTech, SevenVentures and marketing divisions. Tod previously spent over 14 years with the British technology group Dyson.
These new changes come into effect on April 1 when the German media giant will establish a new executive committee consisting of the CEO, CFO and deputy CEO group general counsel. At the same time, the entertainment division, Red Arrow Studios and NuCom Group, will be headed by two co-CEOs. All co-CEOs will be part of a broader executive board, reporting to company CEO Max Conze.
Additionally, Jan Jemper, group CEO and executive board member of commerce, is exiting his role to pursue professional opportunities. German manufacturer Gerresheimer AG’s current CFO Rainer Beaujean will join ProSiebenSat.1 as its new CFO starting July 1. During the transition period, Ralf Peter Gierig, deputy CFO of ProSiebenSat.1, will take over as interim CFO.
The content production and global sales division will continue to be led by James Baker of Red Arrow Studios, and Reza Izad of Studio71. Meanwhile, Claas van Delden and Florian Tappeiner, co-CEOs of NuCom Group, will lead the commerce business.
“We are making good progress on our transformational journey to build a consumer-centric, digital-first entertainment to commerce powerhouse,” said Conze in a statement. “Having clear companies and CEOs leading the business with a sharper and efficient holding structure will help us accelerate further.”