Board of Directors Frank B. Werner leaves Meteomedia
Meteomedia, Jörg Kachelmann's weather company, is undergoing a change in leadership: Board member Frank B. Werner is leaving the company.
According to the Sonntag newspaper, this was triggered by a dispute with the other two members of the Board of Directors, Jörg Kachelmann and Norbert Steffen. Werner has resigned from the Board of Directors as of July 1, as he confirmed to Sonntag. The formal change in the commercial register will take place shortly.
According to consistent reports from insiders, disputes arose within the Board of Directors regarding Kachelmann's future role. Werner wanted the weather presenter to resign from his posts in order to prevent damage to the company.
Kachelmann's legal fees also raised critical questions among the Board of Directors. One insider conservatively estimates that Kachelmann's legal fees to date amount to CHF 300,000. Werner wanted to prevent these costs from being financed by Meteomedia. According to Sonntag, he intended to remove founder Kachelmann, but the "coup" failed: Kachelmann is free again and has relative power: he holds 49 percent of the shares in Meteomedia, Werner had just under 40 percent,around 4 percent a minority shareholder. The remaining package is intended for employee shareholdings.
According to consistent reports from insiders, disputes arose within the Board of Directors regarding Kachelmann's future role. Werner wanted the weather presenter to resign from his posts in order to prevent damage to the company.
Kachelmann's legal fees also raised critical questions among the Board of Directors. One insider conservatively estimates that Kachelmann's legal fees to date amount to CHF 300,000. Werner wanted to prevent these costs from being financed by Meteomedia. According to Sonntag, he intended to remove founder Kachelmann, but the "coup" failed: Kachelmann is free again and has relative power: he holds 49 percent of the shares in Meteomedia, Werner had just under 40 percent,around 4 percent a minority shareholder. The remaining package is intended for employee shareholdings.
