Adrian Sârbu will continue to manage Central European Media Enterprises – CME another 3 years. CME, the company that operates Pro TV, Acasă, Sport.ro, MTV and Pro Cinema in Romania, prolonged its contract with Sârbu, as president and CEO of the company.
Adrian Sârbu’s contract expires at the end of this year and it was prolonged for another 3 years, with the same salary ($1.8M). The contract also includes annual bonuses which depend on targets and can reach to even as much as the salary.
If CME ends the contract with Adrian Sârbu before December 31st 2016, the documents stipulates payments between Euro 3.6 – 5.4M for Sârbu. In the same time, according to the same clauses, if CME ends the contract earlier, Adrian Sârbu will be appointed Chief of Operations for Romania until 2020, with an annual salary of $900,000.