Change of boss: Kofler leaves Premiere channel
In a surprise move, German pay-TV broadcaster Premiere announced the departure of its CEO Georg Kofler on Monday. His successor is the former Chief Financial Officer Michael Börnicke.
German pay-TV broadcaster Premiere unexpectedly announced the departure of its CEO Georg Kofler on Monday. For reasons of "personal life planning", Kofler asked the company's Board of Directors to terminate his contract prematurely at the end of August. As a leading shareholder outside the media industry, Kofler said he wanted to build up a group of companies that would position itself in selected growth markets. It was time for a "change of subject". The company also announced that he had already sold his company shares amounting to 1.25 percent of the share capital last week.
