RTL Group SA (RTL.BT) said on Wednesday that Bert Habets will continue as the sole chief executive officer of the Luxembourg-based entertainment network after his co-chief, Guillaume de Posch, resigned.
"Now is the right time to hand over to Bert Habets, who will drive the group to its next level," said Mr. De Posch, who steps down from his role on Jan. 1 after five years.
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Mr. Habets, who joined RTL as co-chief executive in April, is a former head of the company's Netherlands subsidiary.
RTL, controlled by German media company Bertelsmann SE & Co. KGaA, said that its chief financial officer, Elmar Heggen, will also become the group's deputy CEO in addition to his CFO role. Mr. De Posch will assume the role of non-executive director at RTL Group.
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(END) Dow Jones Newswires
December 13, 2017 07:13 ET (12:13 GMT)