Ulli Stoef is to step down from his position as CEO of Studio 100 Media and m4e by the end of June 2019.
He was appointed CEO of Studio 100 Media in addition to his on-going position as CEO of m4e in February 2017, when Studio 100 acquired a majority stake of over 60 percent in m4e, the company he co-founded and was a majority shareholder.
Studio 100 Media has since acquired more than 95 per cent of the company and will soon own it outright. Extant m4e shareholders met to agree terms to sell their remaining interests during an extraordinary general meeting earlier this month, pending compensation approvals.
"Ulli Stoef played a decisive role in integrating the m4e and Studio 100 Media businesses,” says Hans Bourlon, co-founder of the Studio 100 Group and Studio 100 Media board member. “I would like to sincerely thank him for his efforts and for his contributions to the further international growth of the Studio 100 Group. I wish him every success in his next challenge."
Ulli was tasked with ensuring a smooth transition on coming on board at Studio 100 and, with the integration viewed as a success, his resignation was mutually agreed. Until his effective resignation, Ulli will continue to carry out his current duties in order to ensure a smooth transition, after which he says he wishes to pursue life as an independent entrepreneur again.
“It was a pleasure working with Hans and the whole Studio 100 team over the last years to successfully integrate m4e and bring further international growth to the Studio 100 Group,” he says. “I had the privilege to work with so many talented people who made it easy to succeed. For sure, we will stay in close touch and I am convinced that the Studio 100 Group will have a bright future.”
Hans Bourlon will assume Ulli’s tasks along with the local Studio 100 Media management team and continue to act as member of the management board of Studio 100 Media. The company says Ulli’s replacement will be announced in due course.