Ströer Out-of-Home Media AG: Ströer strengthens group management
Sep 24, 2012 9:39 AM
Ströer Out-of-Home Media AG / Key word(s): Change of Personnel
- Christian Schmalzl, international COO of WPP subsidiary MediaCom, joins Ströer AG's Board of Management at the end of the year and takes over responsibility for overall group operations
Cologne, 24 September 2012 - The structural transformation of the media landscape is opening up business opportunities. As one of Europe's leading outdoor advertisers, Ströer plans to harness these to a greater extent so that they serve its growth strategies. Ströer is already diligently at work in this field, driving forward the evolution of digital media with projects such as the installation of the Out-of-Home-Channel, a nationwide undertaking over the past two years that created Germany's first digital outdoor network at the country's main train stations and shopping malls. The trend towards digitalization of the media landscape and a closer connection between classic advertising and digital services will become an increasingly important motor behind Ströer's development in the future. These changes are set to open up further growth potential in related business sectors that serve to strengthen the company's strong standing in Germany, Poland and Turkey.
Against this backdrop, the Board of Management and Supervisory Board have decided to reinforce the company's management, putting it in a position to seize these opportunities and guarantee the company's sustainable growth. Ströer plans to concentrate control of group operations in the hands of a single Chief Operating Officer (COO). Christian Schmalzl, one of the highest-profiled managers in the international media sector will join the Ströer Board of Management in this newly established role of a groupwide COO.
"Our eyes are firmly fixed on the future. Since our IPO, we have invested significant funds in our growth-related projects. We now aim to further exploit the potential that is open to us. Our goal is to increase the market share of outdoor advertising in Germany from 4 to 6.5 percent over the coming years and move into new business areas for digital activities. We also believe that our non-German markets contain great potential for organic growth. It is my great pleasure to welcome Christian Schmalzl, another outstanding executive in the media industry, into my management team. I fully believe that he will be a great asset to our company, thanks to his skill and experience in international media management," says Udo Müller, CEO of Ströer AG.
CEO Udo Müller will continue to have overall responsibility for business development at the group, but will focus more on the company's future strategies. Alfried Bührdel will remain in charge of Ströer's financial, legal, HR, procurement and IT activities in his capacity as CFO. Board member Dirk Wiedenmann will continue to serve as head of the German subsidiary, the company's largest business unit.
The Board of Management's new member, Christian Schmalzl, studied political science, German, and sociology in Passau and Cardiff, and he moved into the media industry after finishing college. His first position was at Munich-based MediaCom, where, in 2002, he became their youngest-ever managing director, only two years after starting out as a trainee. In 2007, he assumed full responsibility for all business activities in Germany. After just 10 years with the internationally active media group, he was made Worldwide Chief Operations & Investment Director (COO) at the age of 36.
For more information on the Company, please visit www.stroeer.de.
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|Company:||Ströer Out-of-Home Media AG|
|Ströer Allee 1|
|Phone:||+49 (0)2236.96 45 0|
|Fax:||+49 (0)2236.96 45 299|
|Listed:||Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin, Düsseldorf, Hamburg, München, Stuttgart|
|End of News||DGAP News-Service|