Ringier/Springer: Mark Dean becomes CFO of the joint venture
The publishing houses Axel Springer and Ringier have filled another key position in their joint venture, which is currently being established. Mark Dekan, who has served as commercial director for the Finance & Services division at Axel Springer since 2008, will assume the position of Chief Financial Officer (CFO).
The 33-year-old Dean (pictured) will take up his new position following approval by the relevant antitrust authorities, the media companies announced on Tuesday. As previously reported, Florian Fels will be in charge of the new media company. He is currently CEO Central Europe at Ringier and was previously Managing Director of Axel Springer Poland for many years.
The new company, based in Zurich, will bundle the foreign activities of both companies in Eastern Europe. Axel Springer will contribute the business of its subsidiaries in Poland, the Czech Republic and Hungary, while Ringier will contribute its business in Serbia, Slovakia, the Czech Republic and Hungary. With a turnover of around 414 million euros, an EBITDA of 62 million euros and around 4,800 employees, the joint company will be one of the largest media companies operating in Eastern Europe.
The new company, based in Zurich, will bundle the foreign activities of both companies in Eastern Europe. Axel Springer will contribute the business of its subsidiaries in Poland, the Czech Republic and Hungary, while Ringier will contribute its business in Serbia, Slovakia, the Czech Republic and Hungary. With a turnover of around 414 million euros, an EBITDA of 62 million euros and around 4,800 employees, the joint company will be one of the largest media companies operating in Eastern Europe.
