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ProSiebenSat.1 restructures digital businesses, NuCom CEOs to go

German broadcaster ProSiebenSat.1 is to create a single structure for digital investment businesses, with the two co-CEOs of NuCom Group, the joint venture with US-based General Atlantic that houses its dating and e-commerce activities, to leave the company.  

Since January, ProSiebenSat.1 has bundled its digital investments under the umbrella of the newly established commerce and ventures unit, including NuCom Group and all its majority interests, as well as SevenVentures, SevenAccelerator and SevenGrowth.

Under the revised structure, which ProSiebenSat.1 says will give its portfolio companies more autonomy as well as simplifying the management hierarchy, the co-CEOs of NuCom Group, Claas van Delden and Florian Tappeine, will leave.

The heads of the commerce and ventures segment, Friedrich Thoma and Max Berkemeier, who previously managed the segment together with van Delden and Tappeiner, will take over the management of NuCom Group in the course of the restructuring with Thoma serving as CEO and Berkemeier, as before, as CFO.

Rainer Beaujean, chairman of the executive board of ProSiebenSat.1 Media said: “The closer cooperation with the NuCom assets will help us to expand the synergies within the Group even more. By bundling all our investment businesses under the umbrella of the Commerce & Ventures segment, we are very well positioned to be the ideal partner for companies across all phases of growth. At the same time, I would like to thank Claas and Florian, whose high level of commitment has significantly driven NuCom Group’s growth trajectory over the last three years, while also accelerating the Group’s diversification. I wish them both all the very best for the future.”

Jörn Nikolay, managing director and Head of General Atlantic’s German business: “We would like to thank Claas van Delden and Florian Tappeiner for their entrepreneurial vision and courage in shaping and expanding the NuCom portfolio. Together with ProSiebenSat.1, we now look forward to developing the Group further in its new structure and, above all, to the continued cooperation with the companies within NuCom Group.”