The conversion into a German stock corporation has become legally effective following registration in the commercial register of Berlin on September 12, 2014. The change of the legal form has no impact on the operating business or the registered office of the Tele Columbus Group which will continue to be located in Berlin, according to the company.
“The conversion into a stock corporation completes the structural and organisational realignment we have been implementing over the past years. The new legal form also gives us more flexibility for additional growth and the future development of Tele Columbus,” said Ronny Verhelst, CEO of Tele Columbus AG.
Ronny Verhelst will, together with CFO Frank Posnanski, form the executive board of Tele Columbus AG. Together with CCO Stefan Beberweil and CTO Reinhard Sauer, they will form the extended management team of the company.
The newly created supervisory board consists of Frank Donck (member of the supervisory board of KBC Bank & Insurance Group and of transmission system operator Elia, and previously over 11 years chairman of the supervisory board of Belgian cable operator Telenet), Carsten Boekhorst (partner at UK financial investor Pamplona Capital Management) and the former Belgian Prime Minister and vice president of the Organisation for Economic Cooperation and Development (OECD), Yves Leterme, today secretary-general of the International Institute for Democracy and Electoral Assistance (International IDEA).
During the inaugural meeting of the supervisory board held on September 10, 2014, Frank Donck was elected the new chairman.