Daily Variety reports that Peter Voelkle has stepped down from his CEO gig at Munich-based independent children’s television broadcaster TV-Loonland AG. Effective immediately, the move makes way for Selma Behlueloglu, head of finance and controlling, to take over as CEO.
The trade says that Voelkle wants to work in a more creative capacity. Though he is handing over his administrative responsibilities, he will remain with TV-Loonland as a strategy and programming consultant. He founded the company in 1989 and took on the title of CEO with its initial public offering in 2000.