Kasper Rorsted Resigns from Bertelsmann Supervisory Board

Total Page:16

File Type:pdf, Size:1020Kb

Kasper Rorsted Resigns from Bertelsmann Supervisory Board PRESS RELEASE Kasper Rorsted Resigns from Bertelsmann Supervisory Board Gütersloh, March 19, 2019 – Kasper Rorsted (57), Chairman & CEO of adidas AG and a member of the Bertelsmann Supervisory Board since May 2011, is stepping down from Bertelsmann’s supervisory committee with effect from March 31, 2019. The Bertelsmann Annual General Meeting will decide on a successor in due course. Kasper Rorsted’s resignation is connected to Adidas’ decision to propose Bertelsmann Chairman & CEO Thomas Rabe for election to the Adidas Supervisory Board at Adidas’ Annual General Meeting on May 9, 2019. Christoph Mohn, Chairman of the Bertelsmann Supervisory Board, said: “Kasper Rorsted is one of Germany’s outstanding entrepreneurs with international management experience. I am very grateful that he has closely supported Bertelsmann’s strategic realignment, which was initiated in 2012 under the leadership of Thomas Rabe, on the Supervisory Board, and helped advance it with his valuable input on Bertelsmann’s supervisory committee. About Bertelsmann Bertelsmann is a media, services and education company that operates in about 50 countries around the world. It includes the broadcaster RTL Group, the trade book publisher Penguin Random House, the magazine publisher Gruner + Jahr, the music company BMG, the service provider Arvato, the Bertelsmann Printing Group, the Bertelsmann Education Group and Bertelsmann Investments, an international network of funds. The company has 119,000 employees and generated revenues of €17.2 billion in the 2017 financial year. Bertelsmann stands for entrepreneurship and creativity. This combination promotes first-class media content and innovative service solutions that inspire customers around the world. Follow us on For further questions, please contact: Bertelsmann SE & Co. KGaA Andreas Grafemeyer Senior Vice President Media Relations Phone: +49 5241 80-2466 [email protected] [email protected] Page 1 of 1 www.bertelsmann.com .
Recommended publications
  • Annual Report 2019 Key Figures
    ANNUAL REPORT 2019 ENTERTAIN. INFORM. ENGAGE. KEY FIGURES SHARE PERFORMANCE 1 January 2019 to 31 December 2019 +31.15 % MDAX +16.41 % SXMP –5.82 % RTL GROUP INDEX = 100 –10.55 % RTL Group share price development PROSIEBENSAT1 for January to December 2019 based on the Frankfurt Stock Exchange (Xetra) against MDAX, Euro Stoxx 600 Media (SXMP) and ProSiebenSat1 Fremantle’s America’s Got Talent: The Champions is a prime-time hit on NBC. 2 RTL Group Annual Report 2019 Key figures REVENUE 2015 – 2019 (€ million) EBITA 2015 – 2019 (€ million) 19 6,651 19 1,139 18 6,505 18 1,171 17 6,373 17 1,248 16 6,237 16 1,205 15 6,029 15 1,167 PROFIT FOR THE YEAR 2015 – 2019 (€ million) EQUITY 2015 – 2019 (€ million) 19 864 19 3,825 18 785 18 3,553 17 837 17 3,432 16 816 16 3,552 15 863 15 3,409 MARKET CAPITALISATION* 2015 – 2019 (€ billion) TOTAL DIVIDEND / DIVIDEND YIELD PER SHARE 2015 – 2019 (€)(%) 19 6.8 19 NIL* – 18 7.2 18 4.00** 6.3 17 10.4 17 4.00*** 5.9 16 10.7 16 4.00**** 5.4 15 11.9 15 4.00***** 4.9 *As of 31 December * On 2 April 2020, RTL Group’s Board of Directors decided to withdraw its earlier proposal of a € 4.00 per share dividend in respect of the fiscal year 2019, due to the coronavirus outbreak. No dividend will now be proposed to the Annual Meeting of Shareholders on 30 June 2020.
    [Show full text]
  • RTL Group Press Release
    AGM Statement / Publication of RTL Group Annual Report 2016 Luxembourg, 19 April 2017 – The Annual General Meeting (AGM) of RTL Group, on 19 April 2017, approved the statutory and consolidated accounts as at 31 December 2016 and all proposed resolutions. At the AGM, RTL Group published its Annual Report 2016. The PDF document is now available on the company’s website at RTLGroup.com/annual-reports. The Annual Report 2016 and its supplement, The Power of Total Video, offer an entertaining view on drama production, sports and online video, as well as insights into the Group’s strategy, business model and ad-tech business. In addition, the Co-CEOs look back at a record year in the traditional Co-CEO interview and the financial reporting is now more comprehensive than ever. Furthermore the enhanced Corporate Responsibility Report provides a profound insight of RTL Group’s CR initiatives in the main areas of press freedom, society and employees. As with the previous year, RTL Group also offers a fully interactive report, featuring a number of informative and entertaining videos, now available at annual-report2016.rtlgroup.com. In addition, the AGM resolved to pay a final ordinary dividend of €3.00 per share – on top of the interim dividend of €1.00 per share already paid in September 2016. The final dividend for the full year ended 31 December 2016 will be payable from 27 April 2017 on presentation of coupon N° 27 at the following banks: • In the Grand-Duchy of Luxembourg: ING Luxembourg S.A. • In Belgium: ING S.A.
    [Show full text]
  • Bertelsmann Starts FY 2021 with Ten Percent Revenue Growth in Q1
    PRESS RELEASE Bertelsmann Starts FY 2021 with Ten Percent Revenue Growth in Q1 Group revenues increase to over 4.2 billion euros in Q1 2021 Organic sales growth seven percent above 2019 pre-Corona levels and ten percent above prior year 2020 Strategic progress across all eight business divisions Full-year forecast for 2021 confirmed Gütersloh, May 6, 2021 – Bertelsmann has made a successful start to 2021, reporting quarterly revenues that are significantly above both its pre-Corona level in 2019 and the previous year 2020. Group revenues increased organically by around ten percent to €4.2 billion (prior-year quarter: €4.1 billion) and by seven percent compared to the pre-Corona year. At the same time, the operating margin also improved. The Group’s publishing division Penguin Random House, the music business BMG, and the services division Arvato delivered particularly strong performances, with double-digit organic growth rates. RTL Group recorded organic growth of close to four percent. Bertelsmann Chairman & CEO Thomas Rabe said: “The first three months went very well for us fiscally. Bertelsmann increased its revenues significantly, and is now clearly above the level of the period before the outbreak of the coronavirus pandemic. Almost all divisions reported organic growth, in some cases, strong. At the same time, we made progress in implementing our corporate strategy. Further progress was made establishing national media champions, and our global content and services businesses are also well on track. We will achieve our targets for the full year.” Highlights from the divisions: RTL Group increased the number of paying subscribers to its streaming services TV Now and Videoland by 71 percent year-on-year to 2.7 million.
    [Show full text]
  • Bertelsmann and Pearson to Combine Book Businesses
    PRESS RELEASE Bertelsmann and Pearson to Combine Book Businesses • Thomas Rabe implements new Bertelsmann strategy in the book publishing business • Bertelsmann to hold 53 percent of new publishing group, Pearson 47 percent • Markus Dohle (Random House) appointed as CEO, John Makinson (Penguin) as Chairman of the Board of Directors • Bertelsmann to appoint five representatives to the Board of Directors, Pearson four Gütersloh / New York / London, October 29, 2012 – The international media groups Bertelsmann and Pearson announced today that they will combine the activities of their respective trade-book publishing companies, Random House and Penguin Group. Bertelsmann will own 53 percent, Pearson 47 percent. The closing of the transaction is scheduled to take place in the second half of 2013, following regulatory approval. The announcement of the combination was made today in Gütersloh, Germany by Thomas Rabe, Chairman and CEO of Bertelsmann, and in London by Marjorie Scardino, Chief Executive of Pearson. Upon closing, Markus Dohle, Chairman and Chief Executive Officer of Random House worldwide, will be CEO of the new group. John Makinson, Chairman and CEO of Penguin, will become Chairman of the Board of Directors. Additional senior executive appointments will be announced in due course. Bertelsmann will appoint five representatives to the group's Board of Directors, Pearson four. The new name will be Penguin Random House. Until the closing, the companies will maintain their current separate operations and continue conducting business independently. The new publishing group will include all the publishing divisions and imprints of Random House and Penguin in the United States, Canada, the United Kingdom, Australia, New Zealand, India, South Africa, as well as Penguin's publishing company in China, and Random House's Spanish-language publishing operations in Spain and Latin America.
    [Show full text]
  • RTL Group Press Release
    PRESS RELEASE Regulated information: Disclosure of inside information according to Article 17 of the market abuse regulation No 596/2014 RTL Group S.A. Board of Directors Appoints Thomas Rabe as CEO • Bert Habets has decided to resign as CEO and member of the Board of RTL Group for personal considerations • Martin Taylor appointed as Chairman of the Board of Directors • James Singh appointed as Vice Chairman of the Board of Directors Luxembourg, 1 April 2019, 12:00 CET – The Board of Directors of RTL Group S.A. has appointed its Chairman Thomas Rabe to the position of Chief Executive Officer (CEO), as of today. Bert Habets has decided to resign as CEO and member of the Board of RTL Group for personal considerations. Martin Taylor, currently Vice Chairman of the Group, has been appointed as Chairman and James Singh as Vice Chairman. Thomas Rabe will take on his new role in addition to his duties as Chairman & CEO of Bertelsmann. Martin Taylor remains Chairman of RTL Group’s Nomination and Compensation Committee, and James Singh Chairman of the Audit Committee. Martin Taylor, Chairman of the Board of Directors of RTL Group, stated: “I thank the Board of Directors for their vote of confidence in appointing me as the new Chairman. I would also like to thank Thomas Rabe for accepting the position of Chief Executive Officer of RTL Group. Thomas is an experienced media executive with extensive knowledge of the TV business and of RTL Group.” Thomas Rabe, CEO of RTL Group and Chairman & CEO of Bertelsmann, said: “We thank Bert Habets for more than 20 years in various managerial positions at RTL Group and wish him all the best for the future.
    [Show full text]
  • Thomas Rabe Will Remain Chairman & CEO of Bertelsmann Beyond 2016
    PRESS RELEASE Thomas Rabe Will Remain Chairman & CEO of Bertelsmann Beyond 2016 Supervisory Board and Chairman & CEO agree contract extension Great progress in transformation of the Group, high profitability Gütersloh, January 26, 2016 – Bertelsmann will continue to be managed by Thomas Rabe in the years ahead: The Supervisory Board of the international media, services and education company and the CEO have agreed to renew his contract for another five years. The Supervisory Board adopted an agreement to this effect at its meeting today. Christoph Mohn, Chairman of the Supervisory Board of Bertelsmann, said: “The Board is delighted about the extension of the contract with Thomas Rabe. Since taking office a good four years ago, he has strategically realigned the Group to become faster growing, more digital and more international in the long term. The progress made on this path under Thomas Rabe’s leadership has been enormous, just consider the digital investments of RTL Group including in companies such as BroadbandTV, StyleHaul and SpotX, the merger resulting in the world's largest trade book publisher Penguin Random House, the re-entry into the music business with the new BMG, and the founding of the Bertelsmann Education Group. At the same time, Bertelsmann saw a strengthening of its profitability; most recently a record nine-months operating result was achieved in 2015. On behalf of the entire Supervisory Board, I would like to sincerely thank Thomas Rabe for his excellent work during his first term of office. We look forward to our cooperation in the years ahead, and wish him continued success.” Thomas Rabe, Chairman & CEO of Bertelsmann, said: “I am very grateful for the confidence placed in me by the Supervisory Board, and look forward to continuing along our chosen path with my fellow Board members.
    [Show full text]
  • Bertelsmann Completes Full Acquisition of Penguin Random House
    PRESS RELEASE Bertelsmann Completes Full Acquisition of Penguin Random House • Group now sole owner of the world’s biggest trade publishing group • Bertelsmann CEO Thomas Rabe: Penguin Random House is to continue organic and acquisitive growth Gütersloh / New York, April 1, 2020 – Bertelsmann now owns 100 percent of the shares in the world’s biggest trade publishing group, Penguin Random House, headquartered in New York. The international media, services, and education company has completed the acquisition of the remaining 25-percent stake from co-shareholder Pearson after receiving all necessary regulatory approvals. Penguin Random House comprises around 320 individual book publishing imprints on six continents, with more than 15,000 new publications and over 600 million books sold per year. For Bertelsmann, the transaction, valued at approximately $675 million, is economically attractive, as the share of Bertelsmann’s shareholders in group profit will increase by more than €70 million per year. Thomas Rabe, Chairman and CEO of Bertelsmann and Chairman of the Board of Directors at Penguin Random House, said: “The completion of this transaction has a historic dimension for Bertelsmann. 185 years after C. Bertelsmann Verlag was founded by the printer and bookbinder Carl Bertelsmann, our company will become the sole owner of the undisputed global market leader in book publishing. We are proud of the creative diversity, publishing quality, and commercial and entrepreneurial strength of our book publishing business, to which many of the most popular authors from all over the world entrust their literary work.” Thomas Rabe affirmed that Bertelsmann intends to develop Penguin Random House over the long term and with continuity: “We will ensure that our book business can continue to expand through organic growth and acquisitions in future, and remain a home for the world’s best creative talent.
    [Show full text]
  • Bertelsmann Appoints Three New Members to Group Management Committee
    PRESS RELEASE Bertelsmann Appoints Three New Members to Group Management Committee • Rolf Hellermann, Shobhna Mohn, and Bernd Reichart are now members of the highest management committee below the Executive Board Gütersloh, January 31, 2019 – Bertelsmann has appointed three new members to its Group Management Committee (GMC), effective immediately: Rolf Hellermann, CEO Arvato Financial Solutions, Shobhna Mohn, Executive Vice President Growth Regions Strategy and Bertelsmann Investments, and Bernd Reichart, CEO Mediengruppe RTL Deutschland, strengthen the top management committee, which advises and supports the Bertelsmann Executive Board on important matters of corporate strategy and development, as well as on other Group-wide topics. The GMC now has 18 members, with seven different nationalities. Thomas Rabe, Chairman & CEO of Bertelsmann, said: “Rolf Hellermann, Shobhna Mohn, and Bernd Reichart have held key management positions at Bertelsmann for many years. Rolf Hellermann is the new CEO of Arvato Financial Solutions and therefore heads a Bertelsmann growth platform. Shobhna Mohn will represent the strategically important growth regions of Brazil, India, and Africa on the GMC from now on. Bernd Reichart took over the management of Mediengruppe RTL Deutschland, one of Bertelsmann's strongest businesses, at the turn of the year. I look forward to an even closer exchange of ideas with them on our Group Management Committee going forward.” Rolf Hellermann (42) began his Bertelsmann career at the Corporate Center in 2004. In 2012, Hellermann was appointed to head Bertelsmann’s central Controlling and Strategy department. In July 2015, he was additionally appointed to the Arvato Board as Chief Financial Officer. Since November 2018 he has been CEO of Arvato Financial Solutions based in Verl and Baden-Baden.
    [Show full text]
  • Matthias Dang Appointed to Bertelsmann's Group Management Committee
    PRESS RELEASE Matthias Dang Appointed to Bertelsmann’s Group Management Committee • Matthias Dang is the new Co-CEO of RTL Deutschland. • Stephan Schäfer, also new Co-CEO of RTL Deutschland, remains on GMC and takes the helm of the Bertelsmann Content Alliance. • Bernd Reichart, previously CEO of RTL Deutschland, to take on new management responsibilities at Bertelsmann and remain on GMC. Gütersloh, September 1, 2021 – Matthias Dang, the new Co-CEO of RTL Deutschland, has been appointed to Bertelsmann’s Group Management Committee (GMC) with immediate effect. Stephan Schäfer, also newly appointed Co-CEO of RTL Deutschland, remains a member of the GMC. Bernd Reichart, previously CEO of RTL Deutschland, who will take on new management responsibilities within the Bertelsmann Group, will likewise continue to serve on the GMC. Stephan Schäfer will take over from Bernd Reichart as head of the Bertelsmann Content Alliance. Bertelsmann Chairman & CEO Thomas Rabe said: “In Matthias Dang, we welcome a proven expert in ad marketing to the GMC. He and Stephan Schäfer will represent the new German media champion, which is of key strategic importance for Bertelsmann, on the committee. I equally look forward to continuing to work with Bernd Reichart, and especially to his valuable creative input.” Matthias Dang started in the Marketing department at RTL’s marketing agency IP Deutschland in 1993, before being appointed a Key Account Director in the Sales department in 1998. Five years later, he moved back to Marketing as Senior Marketing Director, and from 2004 to 2009 served as Senior Director Sales; in October 2009, he was additionally appointed Deputy Managing Director.
    [Show full text]
  • Bertelsmann Achieves Record Result in First Half of 2013
    PRESS RELEASE Bertelsmann achieves record result in first half of 2013 Good progress with Group reshaping €7.43 billion in Group revenues Record Operating EBIT at €768 million Group result exceeds €400 million for the first time in more than ten years Gütersloh, August 30, 2013 – The international media company Bertelsmann made good progress with its Group reshaping during the first half of 2013 while also generating a record operating profit. Against the backdrop of a difficult market environment and several structurally declining businesses, Group revenue decreased slightly by 1.9 percent to €7.43 billion (H1 2012: €7.57 billion). In contrast, operating EBIT reached €768 million, a new record level (H1 2012: €730 million). RTL Group in Germany and the Random House book publishing group delivered particularly good performances. Return on Sales was in the double digits at 10.3 percent (H1 2012: 9.6 percent), while Group net income improved significantly to €419 million (H1 2012: €350 million), the highest it has been since 2002. The first six months also saw several special items, including a gain from the acquisition of full ownership in the music rights company BMG. The Bertelsmann Value Added (BVA), which measures the profit realized above and beyond the cost of capital, was €102 million for the first half (H1 2012: €90 million). Thomas Rabe, Chairman & CEO of Bertelsmann, said: “The first six months of this year went well for Bertelsmann. Our operating profit reached record levels, and our return on sales was in the double digits, clearly demonstrating that Bertelsmann is reshaping the Group from a position of strength.
    [Show full text]
  • March 24, 2021 the Success Story of the New BMG in 2008, The
    March 24, 2021 The Success Story Of The New BMG In 2008, the founding of the new BMG marked the beginning of a new era for music at Bertelsmann. A look back at major milestones in the music company’s history. 2008 The new BMG is founded in Germany The digitization of media – including music – had led to a significant decline in the sale of music CDs. Music was increasingly being downloaded from the Internet. Against this backdrop, Bertelsmann decided to set up an entirely kind of new music business. In August 2008, the group announced that it would focus on the management of music publishing and recording rights henceforth. Shortly before this, Bertelsmann had sold its 50- percent stake in the Sony BMG Music Entertainment joint venture to Sony. The goal was now to establish a “licensing and management platform for exploiting and marketing music rights” under the BMG brand. The cornerstone of the business was formed by European catalogs of music rights that had been acquired by Sony BMG, comprising the works of more than 200 artists. Hartwig Masuch was appointed CEO of Berlin-based BMG. The experienced music manager realized from the start that the new BMG would have to offer the industry’s creative professionals a new service model: “The activities of Bertelsmann’s various divisions, in conjunction with the realignment of BMG, offer countless opportunities for us to put together attractive service packages for creatives and rights owners. Our top priority will be to effectively assert the rights owners’ claims and protect their interests.” A few weeks later, BMG Rights Management, as it was then called, commenced business.
    [Show full text]
  • Interim Report 2021
    Interim Report 2021 next At a Glance Key Figures (IFRS) in € millions H1 2021 H1 2020 Business Development Group revenues 8,691 7,848 Operating EBITDA 1,417 994 EBITDA margin in percent1) 16.3 12.7 Group profit 1,368 488 Investments2) 573 402 Consolidated Balance Sheet 6/30/2021 12/31/2020 Equity 12,075 10,725 Equity ratio in percent 42.0 36.1 Total assets 28,725 29,704 Economic debt3) 4,432 5,207 Due to rounding, there may be slight variances in the percentages calculated in this report. The prior-year comparatives have been adjusted. Further details are presented in the section “Prior-Year Information” in the Consolidated Financial Statements as of December 31, 2020. 1) Operating EBITDA as a percentage of revenues. 2) Taking into account the financial debt assumed, investments amounted to €573 million (H1 2020: €456 million). 3) Net financial debt less 50 percent of the par value of the hybrid bonds plus pension provisions, profit participation capital and lease liabilities. Contents 2 Highlights of the First Six Months 21 Condensed Interim Consolidated Financial Statements 4 Foreword 21 Consolidated Income Statement 6 Group Interim Management Report 22 Consolidated Statement of Comprehensive Income Fundamental Information about the Group 23 Consolidated Balance Sheet 24 Consolidated Cash Flow Statement 7 Corporate Profile 25 Consolidated Statement of Changes in Equity 7 Strategy 26 Segment Information 8 Value-Oriented Management System 27 Selected Explanatory Notes Report on Economic Position 39 Responsibility Statement 8 Corporate
    [Show full text]