24. March 2017
Press release
Ströer expands its management team and will be headed by two Co-CEOs in future: Christian Schmalzl to join Udo Müller as Co-CEO
Christian Schmalzl (43) has been appointed Co-CEO of Ströer SE & Co. KGaA effective. The Supervisory Board unanimously approved the appointment on 23.03.2017. As a result, Ströer SE & Co. KGaA now has two CEOs: Udo Müller and Christian Schmalzl.
“Making Christian Schmalzl Co-CEO is a logical step in view of our highly successful development in recent years. He already heads up the company’s operations today – he now formally also has overall responsibility. Christian has my full and absolute trust and is the best choice we could have made for the company,” says Udo Müller, founder of Ströer Media SE & Co. KGaA and the majority shareholder of Ströer Management SE. “We have always been, and will continue to be, a family company on the capital market. The founding families Ströer and Müller, together with a first-rate and highly motivated management team, are the foundation for a long-term, successful strategy. We think in decades, not in quarters.”
Christian Schmalzl joined the Ströer Board of Management as Chief Operating Officer in late 2012 after spending 13 years at the WPP Group, where he worked for MediaCom. His positions at the WPP Group included a three-year tenure as CEO of MediaCom Germany, during which time he successfully expanded the company’s leading market position. He was later appointed to the global board as COO of the network, responsible for the global agency organisation in over 100 countries, investment management and product development.
Disclaimer
This press release contains “forward looking statements” regarding Ströer SE & Co. KGaA (“Ströer”) or the Ströer Group, including opinions, estimates and projections regarding Ströer’s or the Ströer Group’s financial position, business strategy, plans and objectives of management and future operations. Such forward looking statements involve known and unknown risks, uncertainties and other important factors that could cause the actual results, performance or achievements of Ströer or the Ströer Group to be materially different from future results, performance or achievements expressed or implied by such forward looking statements. These forward looking statements speak only as of the date of this press release and are based on numerous assumptions which may or may not prove to be correct. No representation or warranty, express or implied, is made by Ströer with respect to the fairness, completeness, correctness, reasonableness or accuracy of any information and opinions contained herein. The information in this press release is subject to change without notice, it may be incomplete or condensed, and it may not contain all material information concerning Ströer or the Ströer Group. Ströer undertakes no obligation to publicly update or revise any forward looking statements or other information stated herein, whether as a result of new information, future events or otherwise.