ProSiebenSat.1 Entertainment Boss Wolfgang Link To Exit Amid Shakeup

deadline.com:

The changes at Germany’s ProSiebenSat.1 took further shape Monday when the German media giant said Seven.One Entertainment Group CEO Wolfgang Link will exit the company next month amid a restructure and downsizing of the group’s executive board.

Link, who has spent the past 14 years at ProSiebenSat.1, exits as the group continues to sharpen its core focus on entertainment and investments to bolster it.

He will depart July 15, after which ProSiebenSat.1 Group CEO Bert Habets will directly manage the segment going forward. Link will stay on as advisor until at least the end of 2023, both parties said, saying the decision for Link to depart was by mutual agreement. “The reorganization of the executive board is the logical consequence of the focus on the entertainment business,” Andreas Wiele, chairman of the Supervisory Board of ProSiebenSat.1 Media SE, said today. “Here, Bert Habets can set new accents as CEO.

The downsizing of the executive board is also in line with the group-wide transformation program to optimize structures and costs.” Link was previously responsible for the Entertainment segment and was CEO of Seven.One when he was appointed to the board in March 2020.