Greece's Antenna hires Guillaume de Posch
Outgoing Pro7 CEO to be adviser to Greek TV groupBERLIN -- Guillaume de Posch is leaving the chilly atmosphere of the German media business for warmer Southern climes. In January, the outgoing CEO of broadcast giant ProSiebenSat.1 will take up a post as an adviser to ANT1, Greece's No. 3 TV group.
While ANT1, also known as Antenna, is tiny compared to the ProSiebenSat.1 group, the media concern, controlled by mogul Minos Kyriakou, is expanding fast. Flush with cash following its 620 million euro ($850 million) sale of Bulgarian channel Nova Televizia to Sweden's Modern Times Group, Antenna is eyeing acquisitions -- particularly in the U.K. television market. Antenna's vice chairman Theodore Kyriakou has even floated the possibility the company would bid for troubled terrestrial giant ITV.
This contrasts sharply with ProSieben, which is saddled with debt and rapidly moving to sell off non-key assets across Europe.
De Posch will resign at the end of the year. Thomas Ebeling, a former executive with Pharma giant Novartis will take over as ProSieben CEO.
In a separate move, Makus Runde, executive vp regulatory affairs and distribution at ProSieben, announced he will leave the company when his contract runs out in June.