Adrian Sarbu has stepped down as president and CEO of Central European Media Entreprise (CME). His resignation becomes effective on January 1st, 2014. The media company broadcasts 9 television channels in Romania and the Republic of Moldova.
Sarbu has been with the company for the past 20 years. Initially, he was CME’s partner when CME launched Pro TV in Romania in 1995. Subsequently, he served as Chief Operating Officer of the company from 2007 to 2009. Since 2009 he has been president and CEO.
Sarbu is one of the most important individual shareholders of CME following the 2009 merger between CME and Media Pro and he also owns Mediafax Group.
CME is a media and entertainment company operating in six Central and Eastern European markets. CME broadcasts television channels in Bulgaria (bTV, bTV Cinema, bTV Comedy, bTV Action, bTV Lady and Ring.bg), Croatia (Nova TV, Doma Nova World, and MiniTV), the Czech Republic (TV Nova, Nova Cinema, Nova Sport, Fanda, Smichov, Telka and MTV Czech), Romania (PRO TV, PRO TV International, Acasa, Acasa Gold, PRO Cinema, Sport.ro, MTV Romania, PRO TV Chisinau and Acasa Moldova), the Slovak Republic (TV Markíza, Doma, Dajto and Fooor), and Slovenia (POP TV, Kanal A, Brio, Oto and Kino). CME also operates Voyo, the pan-regional video-on-demand service. CME is traded on the NASDAQ Global Select Market and the Prague Stock Exchange.