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ProSiebenSat.1 Media SE, DE000PSM7770

ProSiebenSat.1 Media SE, DE000PSM7770

26.03.2020 - 22:03:15

ProSiebenSat.1 Media SE reorganizes the composition of its Executive Board; stronger focus on the entertainment business

CFO Rainer Beaujean to assume the position as Chairman of the Executive Board Current CEO Max Conze to leave with immediate effect Wolfgang Link and Christine Scheffler appointed as new members of the Executive Board

Unterföhring, March 26, 2020. ProSiebenSat.1 Media SE is reorganizing the composition of its Executive Board. This was resolved by the Supervisory Board of the Company today. Rainer Beaujean will assume, in addition to his responsibilities as Chief Financial Officer, the position of the Chairman of the Executive Board ("Vorstandssprecher"). Chief Executive Officer Max Conze will leave the Company with immediate effect. Wolfgang Link and Christine Scheffler who already serve as senior executives within the ProSiebenSat.1 Group have been appointed as new members of the Executive Board. Wolfgang Link will be responsible for the Entertainment segment and Christine Scheffler will be responsible for Human Resources.

Accompanying the reshuffle of the Executive Board is a change in relation to the strategic focus. The ProSiebenSat.1 Group is returning the primary focus of its operating business to the entertainment sector in the DACH region (Germany, Austria and Switzerland). Here, the main emphasis is on local and live formats, also in close cooperation with Red Arrow Studios and Studio71. The Group's digital reach is to be further extended, including via the streaming platform Joyn. NuCom remains an important pillar of the Group in synergistic terms. Existing investments that benefit from advertising on the entertainment platforms will continue to be developed to generate value and sold in due course under an active portfolio policy.

26-March-2020 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de

Language: English Company: ProSiebenSat.1 Media SE Medienallee 7 85774 Unterföhring

Germany Phone: +49 (0)89 9507-1463 Fax: +49 (0)89 9507-91463 E-mail: Dirk.Voigtlaender@ProSiebenSat1.com Internet: www.prosiebensat1.com ISIN: DE000PSM7770 WKN: 777117 Indices: MDAX Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange; Luxembourg Stock Exchange EQS News ID: 1008685   End of Announcement DGAP News Service

1008685  26-March-2020 CET/CEST

@ dgap.de