RTL Deutschland Ups Stephan Schmitter to CEO
variety.comNaman Ramachandran German TV giant RTL Deutschland has named Stephan Schmitter as CEO, effective Jan. 1, 2024. In addition to his current role of chief content officer, Schmitter will take on responsibility for streaming service RTL+ and the reorganized publishing business Gruner + Jahr (G+J) as CEO of RTL Deutschland.
As of Jan. 1 2024, the management board of RTL Deutschland will comprise Schmitter as CEO, Matthias Dang as chief commercial, technology and data officer, Andreas Fischer as COO and Ingrid Heisserer as CFO and chief human resources officer.
In 2022, Matthias Dang and Stephan Schäfer were appointed co-CEOs of RTL Deutschland. However, Schäfer exited the company less than a year later “on the best of terms.” A management reshuffle followed, with Thomas Rabe taking over as chair of the management board.
Last week, the RTL group’s third quarter results revealed a 6.9% drop in revenue from January to September, due in part to the “persistent weakness” of TV advertising markets.
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