MIL OSI – Source: Axel Springer in English – Press Release/Statement
Headline: General Atlantic CEO Bill Ford is new member of Axel Springer Supervisory Board
Bill Ford, 55, Chief Executive Officer of General Atlantic since 2007, has been appointed as a member of the Supervisory Board of Axel Springer SE with effect from August 29th, 2016. He succeeds Professor Dr Wolf Lepenies, 75, who was appointed to the body in April 2004.
Dr Giuseppe Vita, Chair of the Axel Springer SE Supervisory Board, said: “Bill Ford will enrich and internationalize our Board still further with his long years of entrepreneurial experience. Wolf Lepenies has been a member of the Supervisory Board for more than 12 years. Throughout this time, we have always been able to rely on his wise counsel and astute analysis. On behalf of the entire Supervisory Board and the Executive Board, I would like to sincerely thank him.”
Bill Ford: “I have known Axel Springer for some years already, and came to know the company as a joint venture partner in a number of investments in the classifieds market and more recently also as a shareholder. I am looking forward to my new role as a member of the Supervisory Board and would like to contribute to the further development of Axel Springer’s growth story.”
General Atlantic currently has a holding of around 6 percent in Axel Springer SE.
The Supervisory Board has nine members. Dr Giuseppe Vita (Chair), Friede Springer (Deputy Chair), Bill Ford, Oliver Heine, Rudolf Knepper, Lothar Lanz, Dr Nicola Leibinger-Kammüller, Prof. Dr.-Ing. Wolfgang Reitzle, Martin Varsavsky.