Thu, Mar 14th 2024
Zurich’s TX Group is reshaping its structure for efficiency, eliminating intermediate boards for agility and direct management.
The signs are pointing to change at the Zurich-based media group TX Group: the decentralised organisational structure introduced in 2020 will be adjusted once again.
Specifically, the intermediate level of separate boards of directors for the companies Goldbach, Tamedia and 20 Minuten will be dispensed with, as the TX Group announced on Thursday.
In the three companies, the CEOs and their management teams will now be responsible for the results and will report directly to the Board of Directors of TX Group in future.
To support them, as a link to the Board of Directors and to ease its workload, the role of Group COO will also be realigned and is expected to be filled in the second quarter of 2024, the statement added.
Publisher and Chairman of the Board of Directors Pietro Supino will concentrate on these tasks as part of the organisational development that has been initiated and will relinquish the position of Chairman of the Group Executive Board, which he previously also held.
There are also a number of departures from the TX Group’s Executive Management: Sandro Macciacchini, member of the Executive Management and Chief Operating Officer with responsibility for Group Services Finance, HR, Legal, IT and Real Estate, has decided to leave the Group, the company announced. He will hand over his function as soon as his position can be filled.
Finally, Michi Frank has also decided to hand over operational responsibility for the Goldbach Group. He will hand over his role to Christoph Marty, currently CEO of Goldbach Neo OOH, in summer 2024. Frank will reorient himself, but will remain at Marty’s side in an advisory capacity.
©Keystone/SDA
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