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Bertelsmann ponders Olson replacement

Random House looks set to be managed by a European executive from outside the book industry after its chief executive, Peter Olson, announces his departure in the coming weeks, reports the Financial Times.

People familiar with Random House’s parent Bertelsmann said that the German media group had decided against promoting Random House UK head Gail Rebuck or German chief Joerg Pfuhl in order to bring a fresh pair of eyes to the business.

Bertelsmann chief executive Hartmut Ostrowski is expected to opt for a Germany-based executive from either media services division Arvato, the unit he once ran, or book-clubs unit Direct Group.

Olson is in talks to leave Bertelsmann after 10 years at the helm of Random House, following a long illness.

 

Financial Times

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