Ross Newens has become the chairman of the board of Poland’s 4fun Media.
Newens is the co-founder and co-owned of Nova Group (Cyprus), the majority (55%) shareholder in 4fun Media. He has more than 20 years of experience in Poland and other European markets particularly in the development and management of international projects, primarily in the sectors of television, digital media, telecommunication and new technologies.
He also has also extensive experience in business in the non-public capital market (private equity funding), gained through mergers and acquisitions carried out in Poland, Latvia, Serbia and Romania where he successfully worked for such prestigious investment funds as the Blackstone Group L.P.,Abris Resource Partners and directly with media and telco clients.
Commenting on the development, Newens said: “The fact that I have taken the position of chairman of the board of 4fun Media S.A. is a clear signal that the Nova Group (Cyprus) Ltd fund intends to be involved in growing the company value for its shareholders to a larger extent than before. I would like to stress that we consider 4fun Media our strategic asset, which offers very good growth and opportunity and combining my skills and experience with the competences of Rafa? Baran, who shall continue to be in charge of operational management of the Capital Group, we will bring 4fun Media S.A. to the next level of development. Today our plans are supported by the growing advertising market, the stability of the television sector and the dynamic development of digital outdoor advertising”.
He added: “My main duty shall be to search for acquisition opportunities for the company and for strategic partners, with whom we will to establish alliances, both in Poland and in Europe. 4fun Media, has a unique offer of production, content management, target advertising which perfectly meets the needs of the millennial audience. Our strategic goal is the further optimisation of synergy effects created within the capital group, which should ensure further improvement of financial results”.
