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UPDATE 1-Schaeferkordt quits as RTL co-CEO, Habets to replace her
March 8, 2017 / 2:21 PM / in 9 months

UPDATE 1-Schaeferkordt quits as RTL co-CEO, Habets to replace her

* Habets, 46, has been CEO of RTL Netherlands since 2008

* Schaeferkordt says wants to focus on German media business

* RTL shares up 1 percent (Adds Schaeferkordt comments, details on strategy, Habets)

FRANKFURT, March 8 (Reuters) - RTL said Anke Schaeferkordt would leave her post as co-chief executive of the European broadcast group and would be replaced by Bert Habets, who is currently in charge of its Dutch business.

Habets, 46, joined RTL in 1999 and has been CEO of RTL Nederland since 2008, having previously been its finance chief. He will jointly head the group with its other co-chief executive, Guillaume de Posch.

Schaeferkordt, 54, who also sits on parent media group Bertelsmann’s executive board, is stepping down at her own request but will still run the company’s German media business which she has headed since 2005.

“It is hardly surprising that such an arrangement – occupying both CEO posts and fulfilling another board mandate – can of course only persist for a limited period of time,” she said in an interview published on the company’s website.

“As a consequence, I’ve decided to fully devote my experience and expertise to Mediengruppe RTL Deutschland.”

A spokesman said on Wednesday there would be no change to RTL Group’s strategy and added that Schaeferkordt’s contracts both as CEO of RTL Germany and on the Bertelsmann board had been extended until 2019.

RTL Nederland reported a 2 percent decline in core profit and a 7 percent increase in revenue in 2015, against a 2 percent rise in core profit and a 4 percent rise in sales for the group.

RTL is due to publish 2016 results on Thursday.

Schaeferkordt has been co-CEO for five years alongside de Posch. During that time, revenue has grown to 6.03 billion euros ($6.37 billion) in 2015 from 5.76 billion in 2011 and core profit increased from 1.13 to 1.17 billion euros.

Shares in RTL were up 1 percent by 1410 GMT, against a flat German mid-cap index. ($1 = 0.9473 euros) (Reporting by Georgina Prodhan; Editing by Christoph Steitz/Keith Weir)

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