Monday, March 30, 2020

ProSiebenSat.1 separates from CEO Max Conze

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Out at ProSiebenSat1: Max Conze
Picture: dpa

After months of quarreling management, the television group ProSiebenSat.1 exchanges CEO Max Conze. Finance Director Rainer Beaujean will succeed him. A change in strategy is also associated with the change of leadership.

NAfter months of leadership quarrels, the television group ProSiebenSat.1 exchanges its increasingly criticized CEO Max Conze. The manager will leave the company with immediate effect, announced ProSiebenSat.1 on Thursday evening in Unterföhring near Munich. The supervisory board had decided that. CFO Rainer Beaujean should also act as spokesman for the board. The 51-year-old had only come from the packaging group Gerresheimer in July.

The dispute in the management escalated after several departures from top managers when the longtime deputy chief executive Conrad Albert had to go after critical comments. Conze was brought in by the vacuum cleaner company Dyson almost two years ago.

The change of management is also associated with a turnaround in the strategy: The operator of television channels such as ProSieben, Sat.1 and Kabel 1 will in future concentrate on the entertainment business in Germany, Austria and Switzerland, the message said. The holdings in start-ups are to be sold “in due course”.

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