This restructure began in September 2017 and is acting to support the global alignment of the media company.

Dengler will be responsible for the activities of the Bauer Media Group in the UK, the USA, Australia and other countries. He will also push forward with the development of new business for the Bauer Media Group.

He has previously held positions at McKinsey and Dell. Most recently, as CEO of the Switzerland-based NZZ Media Group, he was responsible for the company’s strategic realignment.

Bauer commented: “I look forward to working with Veit Dengler. He is a multifaceted and internationally experienced top manager who can optimally complement the Executive Board with his experience and create new opportunities in our markets. The dynamism with which he has executed projects previously in his career is a genuine plus for our company, particularly in light of the development of new business.

“Now we are perfectly positioned in the Executive Board to take on challenges in coming years, which I look forward to facing. I’m convinced that, with the new management team, we will be able to demonstrate even better that we are a broad and internationally active player.”

In addition to Bauer, the Group’s Executive Board has consisted of Jörg Hausendorf since 2013, Witold Wozniak since 2015, Harald Jessen since 2017 and now Veit Dengler, who will become a member at the beginning of April 2018.

The Bauer Media Group earns two-thirds of the company’s turnover abroad.