EM.TV’s CFO Steps Down In Light Of Stock Plummet
German childrens content producer EM.TVs Florian Haffa has stepped down from his position as chief financial officer. Haffa will remain with the company as deputy chairman to help his brother and founder Thomas Haffa run the day-to-day operations. Currently, EM.TV is seeking out Haffas replacement. Even though the move was planned in advance, it comes after the company announced Monday that it was adjusting its figures for the first six months of the year to fix an accounting error in their acquisition of the Jim Henson Company and Formula 1 Racing. Subsequently, the companys stock fell to a new 52-week low on Monday to 36.50 euros (US$31.82).