DEAG Deutsche Entertainment AG
ots Ad hoc-Service: DEAG AG <DE0005513907> DEAG appoints new board members Plans to convert STELLA into an AG (limited company)/e
Berlin (ots Ad hoc-Service) -
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DEAG subsidiary STELLA is to be converted into an AG (limited company) and will in future trade as STELLA Entertainment AG. In the course of conversion, current management spokesman Klaus von der Heyde, 59, will be named as board chairman and chief executive officer (CEO). Finance will be handled by Thomas Nedtwig, 40,chief financial officer (CFO), who previously held the same post at DEAG and has been in overall charge of the acquisition of STELLA. Wolf Dieter Werner, 48, will be chief operating officer (COO) in charge of administration and human resources. He has worked for 10 years as personnel manager, latterly at the Landesbank Hessen-Thüringen.
Simultaneously, Dietmar Glodde, 42, joins the DEAG board as chief operating officer. He was latterly managing director of DoRo Film- und Fernsehproduktionsgesellschaft, Vienna, Austria, and previously, for many years, managing director of Mercury Records in Hamburg, Germany. From 1987 he built up the Bertelsmann Music Group in Asia, serving in a managerial capacity in Tokyo. From 1991 until the end of 1993 he was managing director of the BMG companies based in Copenhagen, Denmark. Mr. Glodde has comprehensive experience in the international music business and will be in charge of the company's Artists and Tours, Urban Entertainment and Theatres operating business units.
Klaus Ulrich, 40, and Frank Reinhardt, 44, are staying with the company. As a board member Mr. Ulrich retains responsibility for tours and festivals, while Mr. Reinhardt has resigned from the board at his own wish but retains close ties with DEAG in an advisory capacity, with a contract for several years as a consultant specializing in venues and urban entertainment centres.
Markus Fabis, 34, is taking over as CFO at DEAG. Mr. Fabis comes from accountants Deloitte & Touche, where he held a senior position as an auditor and tax advisor and was in charge of the DEAG account from when the company went public in September 1998.
Dr. Martin Fabel, 33, continues as board member in charge of Media & Commerce with responsibility for commercial exploitation of secondary rights to all DEAG content.
CEO Peter Schwenkow will be taking over as chairman of STELLA Entertainment AG's supervisory board.
DEAG's supervisory board sees the new appointments and structure as the optimal starting point for planned further growth both at DEAG and at musical market leader STELLA.
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Original-Content von: DEAG Deutsche Entertainment AG, übermittelt durch news aktuell