19 October 2017

New Non-Exec Directors Appointed to the Falcon Board

Falcon Media House (LSE:FAL), the global digital media group focused on the OTT video market, is pleased to announce the appointments of Mr. Edgar Wallner and Mr. Dirk Wiedmann as non-executive directors to the Board with immediate effect.

Mr. Wallner has vast experience across a range of businesses from large, publicly listed multi-nationals, to early stage private companies.  He was previously President and CEO of Orthofix International, a medical device manufacturer, the acquisition of which he led in 1987 and which was subsequently listed on Nasdaq in 1992. During his presidency, annual sales rose from $7 million to $286 million.  He also spent many years at Boots as Director of European Operations and Director of Overseas Companies Operations.

Latterly, he has provided his expertise and experience to several early stage private companies across business sectors as a director and mentor, including Quiptel, which was acquired by Falcon in March 2017.  He is also Chairman of National Angels, an organisation he set up with the purpose of transferring productions from the subsidised National Theatre to commercial theatre, returning most of any profit to the originating theatre; notable successes include The History Boys, War Horse and One Man Two Guvnors.

Mr. Wiedmann also joins the Board and brings a wealth of finance experience. Throughout a distinguished 30-year career working for leading international institutions, Mr. Wiedmann has held numerous senior executive positions, including Global Head of Investments & Chief Investment Officer at Rothchild Bank, Global Head Research and Head Advisory at Julius Bär Bank, as well as several senior positions inside UBS AG. Today, Mr. Wiedmann owns and operates Dirk Wiedmann Investment & Consulting, with mandates to strategically advise clients globally, and Mr. Wiedmann is also a director of Duxton Water Limited, which is listed on the Australian Stock Exchange (“ASX”).

Speaking on Mr. Wallner’s and Mr. Wiedmann’s appointments, Falcon Chairman Gert Rieder, commented, “We’re delighted to welcome Edgar and Dirk to the Board at this intense and exciting time as we cement relationships with leading global companies in the sector and focus on accelerating revenues.  Edgar’s hugely impressive track record of scaling successful businesses, working internationally and developing effective teams will be of great benefit to Falcon for the next phase of our growth”. Mr. Rieder continued, ”An important part of any successful company is to intelligently manage and maximise your assets. Dirk’s incredible background in delivering strategic advice on a global basis will help Falcon to thrive with control”.

Mr. Wallner said, “I am delighted to join the board of a company which has a unique technology capable of transmitting high definition digital content at lower bandwidths than is currently possible. I know that it has imaginative and expert management and am sure that this team will make Falcon a leader in its field.”