Ringier started its business activities in Africa three years ago. The largest internationally active Swiss media company was able to increase its sales fourfold already in the first half of 2014, compared to the entire previous year.
Ringier, Switzerland's leading international media enterprise, has agreed on a long-term relationship with KKR, a leading global investment firm. In the future, the two companies will work together to develop Ringier's Swiss digital businesses in the fields of online classifieds and marketing.
Ringier AG has decided to modify its management structure, reducing the size of its Group Executive Board to four members. Florian Fels, the CEO of Ringier Publishing, is leaving the Group. Michael Voss, Ringier's current Chief Operating Officer, will in future also assume management responsibility for the Publishing division. Robin Lingg will join the Extended Group Executive Board.