Rotation in leadership persists at Ceconmy - fresh appointment for AR position
Ready, set, rewrite!
Breaking: New Chair for Media Markt and Saturn's Supervisory Board 📰 (Reuters)
Christoph Vilanek, the previous CEO of Freenet and a long-standing member of the Ceconomy supervisory board, is gearing up to take the reins as the new chair of the Media Markt and Saturn holding's supervisory board.
Thomas Dannenfeldt, the incumbent chair of the supervisory board, is set to step down from his position at the end of July, out of personal reasons, as announced by Ceconomy on Monday. Vilanek has already secured the position of the new chair in an extraordinary supervisory board meeting and will officially start his role at the end of July.
This addition to the team is not without precedent - Vilanek has been working side by side with the Düsseldorf holding since 2019, making him well-acquainted with the company's inner workings. It's worth noting that Freenet, the mobile communications giant, also holds a considerable 6.7% stake in Ceconomy.
Vilanek's recent departure from Freenet allows him more time to focus on the new opportunity. Meanwhile, Ceconomy suffered a leadership shake-up in April, as their previous CEO, Karsten Wildberger, moved on to join Chancellor Friedrich Merz's cabinet as the digital minister. Kai-Ulrich Deissner, the ex-CFO, currently serves as the acting CEO. As the new chair of the supervisory board, Vilanek can work towards a lasting solution to this ongoing personnel matter.
Freenet
Stay connected for further updates as we navigate this exciting new era for Media Markt and Saturn. 🌐 📈 🎉
Xetra ·
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Check out these graphs for stocks mentioned in the article:
Chart
Line chart with 52 data points.Chart für FreenetThe chart has 1 X axis displaying Time. Data ranges from 2024-06-17 14:00:00 to 2025-06-13 14:00:00.The chart has 1 Y axis displaying values. Data ranges from 24.66 to 37.28.Lade...End of interactive chart.
Chart
Line chart with 52 data points.Chart für CeconomyThe chart has 1 X axis displaying Time. Data ranges from 2024-06-17 14:00:00 to 2025-06-13 14:00:00.The chart has 1 Y axis displaying values. Data ranges from 2.41 to 3.58.Lade...End of interactive chart.
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In light of the new appointment, there may be changes in the financial aspects of Ceconomy, a major player in the business sector. Christoph Vilanek, the former CEO of Freenet, brings his extensive experience to the new position as the chairman of the Media Markt and Saturn holding's supervisory board, which could impact the overall business strategy for the holding.
