Thiemann to top supervisory board
BERLIN — German kidvidder EM.TV has named former banker Bernd Thiemann as head of its supervisory board.
The 57-year-old Thiemann, a former chairman of the German DG Bank, replaces Nickolaus Becker, who left the post last month. EM.TV will be seeking to expand its supervisory board from three to six members at its shareholders meeting in August.
Favored candidates for the board include Klaus Hallig, head of Intl. Television Trade Corp., a U.S. subsidiary of German media giant and EM.TV shareholder Kirch Group.
Company has not commented on a report in German weekly Der Spiegel stating that EM.TV’s losses in 2000 could be as high as DM 600 million ($275 million), far exceeding company’s initial forecasts of around $160 million.
EM.TV is expected to post its results at the end of the month, after getting a deadline extension from the German stock exchange for submission of its annual results.