Yvonne Bauer is setting up a new Executive Board with four members including Paul Keenan as Chief Operating Officer.
Paul will replace Veit Dengler who has been in the position for the last four years.
Other members on the board will include Yvonne Bauer as owner and CEO of Bauer Media Group, Gerald Mai, who will be appointed Chief Legal Officer, and Anna Sedgley who remains as CFO.
Yvonne Bauer comments: “Our mission as of now is to maximise the potential of our Business Areas and to create impact through our organisation and empower our people.
“With the newly lined up Executive Board we will continue on our successful path. Paul has led the transformation of the Audio business to become the leading commercial broadcaster in Europe and prior to that led Bauer’s market leading UK publishing business. He is the perfect match as COO.
“Gerald, as CLO, will focus on legal analyses, corporate governance and compliance. He combines excellent legal expertise with a deep understanding of the business, which makes him an ideal fit for the newly-created role.
“The convergence of globalisation and digitisation is driving increased volatility, uncertainty, complexity and disruption.
“However, it also offers unprecedented opportunities for companies to expand their reach and increase their efficiency, if they adapt their strategies, business models, and operations.
“We are prepared, and Paul and Gerald are at this stage of our transformation process the perfect complement to Anna Sedgley and myself. I am very much looking forward shaping BMG’s future with the new Executive Board.”
Outgoing Veit Dengler joined Bauer in early 2018 to run a cluster of Western European and overseas countries as a member of the Executive Board and was promoted to COO in 2019.
“I consider my mission at Bauer Media Group to be completed,” Veit comments.
“The transformation has been successfully and irreversibly set in motion. Going forward, I would like to focus on new challenges and projects. That’s why I have decided to leave at the end of this year. I will always be grateful for the close and successful time together, and the fun we had along the way.”
Yvonne Bauer adds: “The last four years have been a great effort, but our track record proves us right. We continue to be one of the most successful publishing companies worldwide. Thanks to the investments in our multi-business strategy, we have set out on a successful journey to ensure the long-term success of the Group.
“My special thanks goes to Veit. He was not only my closest partner along the way, but also the architect of the vision. Bauer Media Group will continue its transformation path. I have really enjoyed working with Veit and wish him the very best for the future.”