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Bertelsmann Says RTL Group CEO Zeiler To Step Down

FRANKFURT -(Dow Jones)- Media conglomerate Bertelsmann AG said Tuesday that Gerhard Zeiler, the chief executive of its broadcasting unit RTL Group SA (RTL.BT), will leave the company April 18 at his own request. Zeiler, who is also a member of Bertelsmann's executive board, is leaving "by mutual and amicable consent to devote himself to new professional challenges," the company said in a statement. It said RTL will be led by Guillaume de Posch and Anke Schaeferkordt in the future. Zeiler has been CEO of RTL Group since March 2003 and joined Bertelsmann's executive board in 2005. Bertelsmann said Schaeferkordt, who leads RTL's operations in Germany, will take Zeiler's place on the executive board. De Posch is a former chief executive of rival broadcaster ProSiebenSat.1 Media AG (PSM.XE) and was recently appointed to RTL Group's senior management. -By Philipp Grontzki, Dow Jones Newswires; +49 69 29 725 107; philipp.grontzki@dowjones.com

Stock News for B R T Realty Trust (BRT)
DateTimeHeadline
11/03/201408:07:19Correction to RTL Group Acquires Majority Stake In StyleHaul...
11/03/201403:14:04RTL Group Acquires Majority Stake In SyleHaul For $107 Million
01/23/201403:50:06Pearson Flags Tough Trading
10/02/201312:36:16Bertelsmann Offers 1.3% Stake in RTL for Sale
08/22/201302:32:12RTL Group 1st Half Profit Surges Despite Ad Revenue Declines
07/10/201310:20:08Judge Finds Apple Colluded on E-Book Pricing
07/02/201304:41:48Bertelsmann Set for Further Acquisitions - Report
07/01/201305:17:11Bertelsmann, Pearson Complete Penguin Random House Merger
06/28/201314:00:41Hachette Agrees to Acquire Hyperion
06/26/201312:34:14RTL Invests in North American Online Video Company
05/16/201303:56:34Bertelsmann's 1Q Net Profit Surges After Acquisitions
04/29/201322:10:13Bertelsmann Raises Gross Proceeds of EUR1.4 Billion With RTL...
04/19/201311:40:07Penguin Makes Bid to Settle E-Book Case With EU
04/05/201311:00:14EU Gives Green Light to Penguin, Random House Merger
03/26/201306:33:55Bertelsmann Sees Revenue Growth Due to Acquisitions
03/08/201313:26:16RTL Group Considers Further Acquisitions in Southeast Asia
03/04/201304:54:18Bertelsmann Seeks Rapid Music Sales Growth
02/25/201307:50:11Pearson Plans Shake-Up
02/14/201312:37:52Pearson: Justice Department Closes Penguin, Random House Merger...
02/08/201311:40:07DOJ Settles With Macmillan in E-Books Case

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