He will be reporting directly to Mathias Döpfner, CEO & Chairman of Axel Springer SE, and will manage the portfolio from offices in Berlin, New York and Palo Alto.
Mathias Döpfner: “Commencing with our investment in Airbnb and including our most recent acquisition, Business Insider, we have completed more than a dozen investments in the US. The US market has thus clearly gained in importance for Axel Springer. By creating this new position we want to ensure that we can capitalise on the growth potential in the US market in the best possible way. Jens Müffelmann is the ideal executive for this position. He was operationally responsible for the successful establishment of Axel Springer’s digital portfolio and has my full trust from 15 years of close collaboration.”
The focus of his activities will be on the overall management and coordination of Axel Springer’s broad-based US portfolio. In addition, as CEO of Axel Springer Digital Ventures GmbH, Jens Müffelmann will retain responsibility for the corresponding portfolio companies as well as for Axel Springer’s radio investments. The potential appointment of a successor for his previous role as COO of the Marketing and Classified Division will be decided at a later date.
More like this