Conrad Meyer is leaving a company that, after an extremely difficult turnaround phase, is back on an economically pleasing course and has a rock-solid financial foundation, the company writes in a press release.
Born in 1949, Conrad Meyer was elected to the Board of Directors in 1997 and took over as Chairman in 2001. During his term of office, not only were the Board of Directors and the company management renewed, but the media group, which had long been managed on a very federal basis, was also restructured from three or at times even four publishing houses into an integrated media company under the leadership of a CEO. The new organizational and management structures have now been introduced and are well established throughout the Group. In addition, the Board of Directors is well equipped for future challenges thanks to the appointment of new and additional personalities with a wealth of experience. According to Conrad Meyer, these are good enough reasons to step back next spring and make way for new forces.
Konrad Hummler becomes successor
Subject to his re-election for a further term of office by the Annual General Meeting on 9 April 2011, the Board of Directors decided at its meeting yesterday to appoint Dr. Konrad Hummler as the successor to Prof. Dr. Conrad Meyer. Hummler, a partner with unlimited liability in the private bank Wegelin & Co. since 1991, has been a member of the Board of Directors since 2001. He chairs the Audit Committee and is a member of the Remuneration Committee. In the opinion of the Board of Directors, Hummler, who was born in 1953, is a personality with a great deal of entrepreneurial and journalistic experience in the national and international arena. Hummler will give up a large part of his other mandates and commitments in order to be able to concentrate on his activities as a private banker and the many challenges in the media sector.