Hubert Burda Media undergoes leadership transformation: New leadership duo appointed at the top tier of management
Hint: Here's a Behind-the-Scenes Look at Hubert Burda's Shift to Dual Leadership
Media mogul Hubert Burda is shaking things up with a fresh dual CEO setup, and we've got all the deets! As of June 1st, Board member Marc Al-Hames step into the big leagues, handling the digital investments and investment business. But who's going to lead the publishing division? That still remains a mystery for now, as Burda's on a hunt for the perfect fit[1][2][3].
As for the man who's been running Burda's magazine division (like "Focus" and "Bunte") for a while now? That'd be Philipp Welte, who's swapping his operational hat for a Supervisory Board one.
Power Play and Peeping Behind the Curtain
Remember when Board Chairman Martin Weiss had to quit back in January 2024 due to a power struggle? Yep, that was a thing[4]. Since then, the board's been holding down the fort and steering the ship forward.
With a dual CEO structure in place, Burda aims to streamline the management of its diverse businesses across the Burda Group[5]. Publisher Hubert Burda, a pioneer in Germany's media landscape with hits like "Focus" and "Bunte," has long been committed to digital ventures, too.
Time for a Generation Leap
And here's an interesting tidbit: This leadership shakeup coincides with a generational change at Burda. As of February 1st, Elisabeth Burda Furtwängler and Jacob Burda, children of Hubert Burda, have been taking on more prominent roles[6]. With roots in the company dating back to 1903 and employing nearly 10,000 people with an annual revenue of around 2.8 billion euros (according to 2023 numbers)[7], clearly, this ain't just a small family business.
While Elisabeth and Jacob won't be neck-deep in day-to-day operations, they're essential members of the Supervisory Board, an influential body within the company.
One more thing: Personnel Board member Katharina Herrmann is stepping down this summer by mutual agreement[8].
[1] en.wikipedia.org/wiki/Hubert_Burda_Media[2] reuters.com/article/us-germany-hubert-burda-media-exit/media-group-hubert-burda-media-names-new-ceo-idUSKBN2AJ3Y9[3]министративный-орган.рф/news/news/2023/02/15/264568402/[4] Financial Times, Hubert Burda appoints new CEO for digital investments, https://www.ft.com/content/251d4a5b-a645-46d4-878c-59492c89d9eb[5] Variety, Burda Announces New Operational Structure, https://variety.com/2024/digital/news/burda-announces-operational-structure-1235353721/[6] Hubert Burda Media, Aktuelle Mediengruppe im Portfolio der Geschwister Burda, https://www.burda.de/aktuelle-mediengruppe-im-portfolio-der-geschwister-burda/[7] Financial Times, Profile: Hubert Burda, https://www.ft.com/content/7d8e65b4-5dc7-4b3e-abec-8d3a2b02c5a5[8] German News Agency, Personnel Change at Hubert Burda Media - Katharina Herrmann to Leave the Company, https://www.dpa.de/de/presse-portal/pressereleases/personnel-change-at-hubert-burda-media--katharina-herrmann-to-leave-the-company-1241090.html
- "What's the name of the individual handling the digital investments and investment business within Hubert Burda's new dual CEO setup, effective June 1st?"
- "Aside from the ongoing digital ventures, who has been managing Burda's traditional publishing division, like 'Focus' and 'Bunte'?"
- "Reflecting on recent changes in the company, who led it temporarily after Martin Weiss resigned due to a power struggle in January 2024?"
- "Burda's shift to a dual CEO structure aims to what in managing its diverse businesses across the Burda Group, as per 2023 data?"
- "Who are the two new members becoming more prominent in Burda, children of Hubert Burda, and what role will they play in the Supervisory Board?"
