Observed Signal · Sep 15, 2015 · Hiring · Source: OnlineMarketing.de · Impact: 2/5 · Sentiment: Neutral
Leadership Change at Performance Media: Founders Step Down
Performance Media announced a leadership change effective October 1, 2015, with founders Christoph Schäfer and Dr. Nico Shenawai stepping down from the managing board. Schäfer founded Performance Media in 2005 after time at McKinsey & Company and entrepreneurship in e‑commerce and SEA; Shenawai had led technology development since 2008 and founded the subsidiary Performance Advertising. The founders will pursue new entrepreneurial challenges in the AdTech field. The group is described as Germany’s largest digital media agency by net media revenue, with over 250 employees and offices in Hamburg, Düsseldorf and Belgrade; about 50 Belgrade staff work on technology development. Performance Advertising is noted as one of Germany’s most far‑reaching AdNetworks. In 2014, the group was sold to private equity firm Equistone and merged into Performance Interactive Alliance (PIA), a six‑firm digital marketing group with over 500 employees. Christina Voigt, Benjamin Bunte and Jan Kaiser were appointed to the management board, with Kaiser as CFO.
Leadership change at a prominent German AdTech/media agency; internal management reshuffle with historical context.
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Key Takeaways & Evidence Grounding
- Christoph Schäfer and Dr. Nico Shenawai resign as managing directors effective Oct 1, 2015.
- Christoph Schäfer founded Performance Media in 2005.
- Performance Media Group has over 250 employees and a nine-digit net media revenue.
- Christina Voigt, Benjamin Bunte and Jan Kaiser appointed to the management board; Jan Kaiser becomes CFO.
- In 2014, the group was sold to Equistone and merged into Performance Interactive Alliance (PIA).
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