ProSiebenSat execs take up supervisory roles
COLOGNE, Germany -- Key executives from the financial backers behind Haim Saban's takeover of German commercial broadcaster ProSiebenSat.1 took up positions on the group's supervisory board Monday. Bain Capital Partners managing director John Connaughton, Hellman & Friedman managing director Patrick Healy and Thomas H. Lee Partners managing director Seth Lawry were appointed to the board, replacing existing board members Ron Kenan, Ynon Kreiz and Arieh Saban, ProSiebenSat.1 said in a statement. Haim Saban is chairman of the ProSiebenSat.1 supervisory board, which also includes deputy chairman and Saban confidant Adam Chesnoff, Mathias Doepfner, Wolfgang Hartmann, Michael Jaffe and Hubertus Meyer-Burckhardt. The investment groups bankrolled Saban Capital Group's acquisition of a controlling stake in ProSiebenSat.1 this summer. Their loans to Saban Capital Group will be exchanged for equity stakes in the German broadcaster within the next few months.
- 11/17/2003
- The Hollywood Reporter - Movie News
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