Sloan tapped for ProSieben board
EmptyCOLOGNE, Germany -- MGM chairman and CEO Harry Sloan has been named to the supervisory board of Germany's leading commercial channel ProSiebenSat.1.
Sloan was among the new board members put forth by private equity firms Permira and KKR, which recently acquired ProSiebenSat.1 from Haim Saban's German Media Partners for $4 billion.
The MGM chairman is no stranger to Permira and KKR. As head of pan-European channel network SBS Broadcasting, Sloan was behind the $2.1 billion sale of SBS to Permira/KKR in 2005.
ProSieben's new owners now plan to merge the company with SBS to create Europe's second-largest broadcaster behind Bertelsmann-controlled RTL Group.
Permira partner Goetz Maeuser has been named the new chairman of ProSiebenSat.1's supervisory board, with KKR partner Lord Clive Hollick as deputy chairman.
Other new board members include Permira executives Robin Bell-Jones, Ulrich Gasse, Thomas Krenz and Christian Neuss and KKR execs Philipp Freise, Reinhard Gorenflos, Johannes Huth and Silke Scheiber.
They replace the team from German Media Partners, which included Haim Saban and his son Arieh, Adam Chesnoff and Ynon Kriez.
Mathias Doepfner, CEO of German publishing giant Axel Springer Verlag, ex-BBC head Greg Dyke and Christian Nienhaus, publishing head of German tabloid group Bild, will remain on ProSieben's board.
In another boardroom shuffle, film group IM Internationalmedia has named Sascha Konzack to its supervisory board. He replaces Christian Boehmer, who left IM last October.
Before joining IM in 2004, Konzack was a senior corporate auditor at Honeywell International.