Luxembourg-based digital media company RTL Group has elevated its chief financial officer Elmar Heggen to the post of chief operating officer.
In the newly-created COO role, Heggen — who has been with the company since 2006 — will be responsible for coordinating and optimizing operations across RTL Group’s international footprint. As executive director, he will serve on the company’s board of directors.
In addition, RTL has appointed former Bertelsmann executive Björn Bauer as chief financial officer. He most recently served as executive VP of corporate controlling and strategy at German mass media company Bertelsmann. He will also be a member of RTL Group’s executive committee, alongside CEO Thomas Rabe (pictured) and Heggen.
RTL Group also unveiled plans Aug. 28 to establish a group management committee, which will be composed of executive committee members (Rabe, Heggen and Bauer) and CEOs of the company’s largest business units: Bernd Reichart, CEO of German media group Mediengruppe RTL Deutschland; Nicolas de Tavernost, CEO of French media holding company Groupe M6; and Jennifer Mullin, CEO of global producer-distributor Fremantle.
“The [group management committee] will shape the future of our company, bringing together massive experience and different perspectives,” Rabe said in a statement. “Mediengruppe RTL Deutschland will lead our newly created European advertising technology development unit, while Groupe M6 will build the technology backbone of RTL’s streaming services. And our global content business Fremantle is at the very heart of what drives our businesses – creativity and content.”
The board of directors has also mandated the executive committee to review the role and size of RTL Group’s Corporate Centre in Luxembourg, and whether certain corporate positions can be transferred to Cologne, Germany. The review is expected to wrap up by the end of September.