Overview

• The Verwaltungsrat unanimously approved Rädel’s appointment to oversee the festival’s financial and administrative operations.
• Rädel has served as deputy managing director and chief controller at the Deutsche Oper Berlin since 2006.
• Contract negotiations with Rädel will be conducted by Verwaltungsrat chairman Georg von Waldenfels ahead of next week’s festival opening.
• Katharina Wagner will relinquish her managing director duties to focus exclusively on the festival’s artistic direction.
• The governance restructuring unlocked additional federal investment by meeting conditions tied to share acquisition after funding challenges in the Gesellschaft der Freunde von Bayreuth.