JCDecaux SA (Euronext Paris: DEC), the number one outdoor advertising company worldwide, announced today that Daniel Wall, CEO and minority shareholder (9.9%) of the German subsidiary Wall AG, will be leaving the company after the end of his contract in December 2015. The current market organization will be further strengthened by combining the activities of Wall AG and JCDecaux GmbH in one single unit for the German market.
Daniel Wall has been in the Executive Board of Wall AG since 1999 and became CEO in 2007. After JCDecaux took over the majority of Wall AG in 2009, he became responsible for Germany and Turkey within JCDecaux group.
The position of CEO will not be replaced. The current management members, Andreas Prasse (Sales & Marketing), Patrick Möller (Partner Relations, Products) and Andreas Scholz (Finance) will be leading the German market activities under the supervision of Daniel Hofer, who is in charge of Germany, Austria, Central & Eastern Europe and Central Asia within JCDecaux.
Daniel Hofer, member of the Executive Board of JCDecaux, said: “We would like to thank Daniel Wall for his strong commitment and dedication over all these years in the company that has been founded by his father Hans Wall. He played a very important role in the integration process of Wall AG since the acquisition by JCDecaux and we sincerely appreciate his many achievements on behalf of Wall AG. By combining our two German entities Wall AG and JCDecaux GmbH, we will be able to even further improve our local structures and offer cities and advertisers best-in-class solutions for the German market."