Dang, Schäfer named RTL Deutschland co-CEOs
September 1, 2021
Following the decision to combine RTL Deutschland and Gruner + Jahr as of January 1st 2022, RTL Group has announced changes to the management of RTL Deutschland.
Effective immediately, Matthias Dang and Stephan Schäfer will take over the leadership of RTL Deutschland as co-CEOs. The former CEO of RTL Deutschland, Bernd Reichart, will leave RTL Group to take on new management responsibilities within the Bertelsmann Group.
In his new role as Co-CEO of RTL Deutschland, Schäfer will continue to be responsible for RTL Deutschland’s content and brands, including the entire journalistic offering. He will also remain CEO of Gruner + Jahr. In his new role as Co-CEO of RTL Deutschland, Dang will continue to lead all commercial, technological and digital activities of the company. He will also remain CEO of the leading German advertising sales house Ad Alliance.
Oliver Radtke, Managing Director of G+J, will additionally become a member of the Management Board of RTL Deutschland effective immediately. In this role, he will be responsible for the overall coordination of the combination of RTL Deutschland and G+J.
Julia Reuter, Managing Director Strategy, Human Resources & Culture, and Alexander Glatz, Managing Director Legal & Finance (CFO), will remain members of the Management Board of RTL Deutschland.
Thomas Rabe, CEO of RTL Group, commented: “By combining RTL Deutschland and Gruner + Jahr, we are creating Germany’s first cross-media champion and making a clear commitment towards long-term growth and greater investment in quality content, diversity and pluralism of opinion. For this important task, we have created a new leadership structure. With Stephan Schäfer and Matthias Dang, the company will be led by two Co-CEOs who know and complement each other well, combining programming competence with journalistic and commercial expertise, strategic foresight and leadership strength. With the successful establishment and expansion of the Ad Alliance, they have demonstrated that the combination of RTL and G+J creates value for both sides and opens up new growth perspectives. I wish Matthias Dang, Stephan Schäfer and the whole management team every success in their future tasks and look forward to working with them.”
Rabe added: “At the same time, I would like to thank Bernd Reichart. He has contributed significantly to the success of RTL Deutschland – first as Managing Director of Vox, then at the helm of RTL Deutschland. He has driven the company’s digital transformation – especially through the rapid growth in streaming – concluded strategic partnerships and made significant progress in the repositioning of the RTL brand.”
A joint statement from Schäfer and Dang read: “We look forward to our new role with both joy and respect. RTL Deutschland has set itself many goals, including the positioning of RTL as a leading entertainment brand that stands for independent journalism, attitude and inspiration. To achieve this, we want to expand our family of channels in Germany around RTL and Vox, alongside further accelerating the growth of our streaming service RTL+. From January onwards, we will also have the opportunity and the mission to build Gruner + Jahr’s journalistic expertise and brands into something new – the first media company that is a leader in all genres, attractive to creatives and audiences alike. We are very much looking forward to working with all our great colleagues to achieve these goals.”
Reichart commented: “After more than eight years at RTL Deutschland, I look back on the time with pride and gratitude. To be able to work both creatively and strategically with such an exceptional team during this exciting time is a special privilege. We have successfully accelerated the digital transformation of both our company and our offerings. I sincerely wish the new management team and all my colleagues success in their tasks ahead.”