Central European Media Enterprises Names New Co-CEOs
Central European Media Enterprises (NASDAQ: CETV) today announced that Christoph Mainusch and Michael Del Nin have been appointed as co-Chief Executive Officers of the Company effective September 16, 2013.
Ronald Lauder, CME's founder and Chairman of its Board of Directors, said on behalf of the Board: "We are very pleased that Christoph and Michael are leading CME's executive team. Michael, who has served on CME's Board of Directors since 2009, is an insightful executive with a well-developed understanding of the media business, and Christoph brings a wealth of operating experience and has a proven track record of successfully managing broadcasters, including in our markets. We believe their skills and experience are the right fit for CME. This dynamic combination of Michael overseeing corporate matters, allowing Christoph to focus primarily on operations, demonstrates the Board's commitment to getting the right value for CME shareholders."