Against a persistently challenging geopolitical and macroeconomic backdrop, Burda reported a decline in revenue.
Alexander Kudlich (43), investor and entrepreneur, has been appointed to the Board of Directors of Hubert Burda Media by the Burda family with effect from 1 January 2024. Alexander Kudlich is one of the founding partners of 468 Capital, a successful technology investor. 468 Capital invests from Berlin and the US West Coast in technology companies worldwide with a focus on software. Previously, Alexander Kudlich was a member of the Executive Board of Rocket Internet SE, where he worked from 2011 to 2020.
After studying business administration at the University of St. Gallen and philosophy at UCL in London, Alexander Kudlich began his professional career in 2005 as an assistant to the CEO of Axel Springer AG. From 2008 to 2011, he worked in various management positions for Zanox/Awin, which belongs to Axel Springer.
Paul-Bernhard Kallen, Chairman of the Board of Directors of Hubert Burda Media, is delighted about the strengthening of the Group's top management body: "On the foundation of a healthy publishing business, the Burda family company has grown strongly over the last 25 years through acquisitions and investments in fast-growing digital companies. Alexander Kudlich's experience as an investor and entrepreneur is therefore highly relevant as the company moves into the future."
Due to the Group's increasing internationalisation, publisher Hubert Burda and his children Jacob Burda and Elisabeth Furtwängler established a European Company ("SE") at the top of the Group in 2017, which is managed by a Board of Directors. Paul-Bernhard Kallen has been the Chairman of the Board of Directors since 2017. The other members of the Board are Andreas Rittstieg and the shareholders Hubert Burda, Jacob Burda and Elisabeth Furtwängler.
The Executive Board, which is appointed by the Board of Directors, is responsible for the operational management of Burda, which is 100 percent family-owned.
