Dr Werner Brandt is to step down as chairman of the supervisory board of ProSiebenSat.1 Media. The 67-year-old is not seeking re-election after eight years in the role.
He will be succeeded by Dr Andreas Wiele, a former board member of Axel Springer, and known as a business transformation expert.
CEO Rainer Beaujean’s contract has been extended for a further five years through to 2027, while Ralf Peter Gierig has been appointed chief financial officer with a three-year contract.
Also joining the board is Bert Habets, currently CEO of the Greek Antenna Group, who held a number of executive positions at RTL Group and Bertelsmann.