APG: Group CEO to become Chairman of the Board of Directors
A two-fold leadership change is in the works at the poster company APG. CEO Daniel Hofer is set to join the board of directors and assume the role of chairman.
He will also be given a management position at the largest shareholder, the French company JCDecaux. Its boss Jean-François Decaux is stepping down as Chairman of the APG Board of Directors. At JCDecaux, the world's largest outdoor advertising company, Hofer will in future be responsible for the market region Germany, Austria, Central and Eastern Europe and Central Asia with 14 national companies, as APG announced on Tuesday evening. Hofer has been CEO of APG for almost four years. He took over the position after the company's failed international expansion in 2010. Jean-François Decaux has been Chairman of the Board of Directors for just as long. In future, Laurence Debroux will represent the interests of JCDecaux on the APG Board of Directors. She has been Head of Finance at the French group since 2011.
The Board of Directors has appointed Markus Ehrle as Daniel Hofer's successor. He has been Head of Marketing and Business Development at APG since 2011. Ehrle is expected to take up the position on June 1. This is subject to the shareholders electing Daniel Hofer as Chairman of the Board of Directors at the Annual General Meeting on May 21. (SDA)
