The supervisory board of Bertelsmann has extended the contract of the German media company’s chairman and CEO Thomas Rabe for another five years.
At the end of March 2019, RTL Group registered 1.15 million paying subscribers for its video-on-demand platforms (TV Now in Germany and Videoland in the Netherlands), up 59% year on year.
In a surprise move, Bert Habets has decided to resign as CEO and member of the Board of RTL Group quoting personal considerations. Thomas Rabe is the new CEO.
Bertelsmann will continue to be headed by Thomas Rabe: The German media company’s supervisory board renewed the CEO contract for another five years.