Supervisory Board Chairman Werner Brandt is calling it quits after eight years: The 67-year-old has announced that he will not stand for re-election at the Annual General Meeting in May. His successor will be former Axel Springer board member Andreas Wiele, ProSiebenSat1 has now announced. The 59-year-old worked for the Springer publishing house for 20 years, six of them as “Board Member BILD Group and Magazines”. Most recently, he was responsible for the real estate portal Immowelt and the job exchange Stepstone, among others. After leaving in May 2020, he started as “Senior Advisor Global TMT Business” at Springer’s major investor KKR.
“Two very high-profile media experts”
Since KKR sold the major part of its ProSiebenSat1 shares this year, Andreas Wiele is likely to be considered an independent controller. The lawyer is expected to join the supervisory board as early as February – as a court-appointed member and successor to Adam Cahan. The 49-year-old had resigned his mandate after being appointed head of the US technology group PAX Labs. The seat vacated by Werner Brandt’s retirement is to be taken over by ex-RTL CEO Bert Habets (50), according to ProSiebenSat1. “With Dr. Andreas Wiele and Bert Habets, we have gained two very high-profile media experts for the Supervisory Board, both of whom have also been successfully responsible for many transformation processes,” Brandt said. The former SAP manager also heads the RWE Supervisory Board.