LONDON (Brand Republic) – Markus Tellenbach, chief executive at pay-TV company Premiere World -– part of the German KirchPayTV group -– has left the company after he admitted that the division would not meet its increased target of 2.9m subscribers by the end of 2000.
Tellenbach is to be succeeded by Manfred Puffer, who will retain his role as chief financial officer of Premiere’s parent company, Kirch Holding.
Puffer will head up the effort to prepare KirchPay-TV for its planned flotation in 2002 or 2003. Sister company Kirch Media is expected to be listed on the German stock market next year.
This article was first published on brandrepublic.com