DEAG Supervisory Board Appoints Roman Velke CFO In Germany

Olaf Matzat – Roman Velke
DEAG’s new CFO

The Supervisory Board of Deutsche Entertainment Aktiengesellschaft (DEAG) in Berlin, Germany, appointed Roman Velke to serve as CFO of DEAG effective April 1.

Velke takes over from Ralph Quellmalz, who is leaving DEAG at his own request “in most mutual amicable agreement,” according to the announcement.

Velke has close to 20 years of experience in the areas of finance and auditing and has worked directly and indirectly in the live entertainment industry since the beginning of his career.

The graduate salesman and auditor was with audit firm BDO AG Wirtschaftsprüfungsgesellschaft until 2011 and subsequently held various positions in finance at DEAG.

Velke most recently held the position of Divisional Board Member – Business & Financial Affairs, Mergers and Acquisitions at DEAG’s second management level. In this position, he supported the executive board in the implementation of M&A projects, the strategic development and expansion of business areas and in the area of corporate finance.

As CFO, Velke will now be responsible for Management Board areas of Finance and Investor Relations as of April.

During Quellmalz’s term in office, DEAG made important decisions concerning its further strategic development into a leading provider of live entertainment, such as focusing on the growth of the profitable family entertainment as well as arts and exhibitions divisions.

“Quellmalz has set DEAG on an important course towards internationalisation and has set decisive impulses for strengthening profitable growth and capital market communication. The Supervisory Board expressly thanks Ralph Quellmalz for his successful work and commitment – he has thus initiated an important process for the further development of DEAG. The Supervisory Board and the company wish Ralph Quellmalz all the best for his future career and life as well as continued success,” the announcement concludes.