German media mogul Leo Kirch has put the final pieces of Kirch Group''s restructuring in place. As of April 1, former KirchVermogensVerwaltungs assumes a new role, and user-friendlier name, when, as KirchHolding, it becomes the central holding company.
At the same time, the three managing directors of the Kirch Group subsidiaries, Dieter Hahn, Jan Mojto and Klaus Piette will join KirchHolding''s board. Leo Kirch, who has until now been KirchVermogensVerwaltungs'' sole managing director, will become chairman with Dieter Hahn as vice chairman.
At the KirchHolding level, responsibility will be divided according to the existing corporate structure, consisting of three large sub-holdings: Jan Mojto will be responsible for KirchMedia, (which includes SAT1, ProSieben, Kabel 1, DSF and N24); Dieter Hahn will head up KirchPayTV (Premiere World, Teleclub) and Klaus Piette will oversee KirchBeteiligung (investments in publisher Axel Springer, film distribution companies, music and video rights, software and decoder development). Leo Kirch remains a managing director of all three sub-holdings.
In addition, as KirchHolding managing directors, Hahn will be responsible for communications, multimedia and sport, Mojto for programming and Piette for corporate planning and company structure.
An outside appointee, Manfred Puffer, former managing director, International Markets at HypoVereinsbank, joins KirchHolding''s board as managing director, Finance and Controlling.