Bertelsmann Keeps It in the Family

The question about who will succeed Thomas Rabe as chairman and CEO of Bertelsmann has been answered with the announcement that Thomas Coesfeld will fill those roles when Rabe steps down at the end of 2026, ending his 15-year tenure heading the conglomerate whose holdings include Penguin Random House.

Thomas Coesfeld along with his brother, Cartsen, had been seen has the favorites to succeed Rabe. Both men are the grandsons of Bertelsmann patriarch Reinhard Mohn and have served in various capacities within Bertelsmann’s various companies. Thomas is currently head of Bertelsmann’s music business, BMG. (Among the jobs Cartsen has held was head of DK).

In making the announcement of Coesfeld’s appointment, Christoph Mohn, chairman of the Bertelsmann supervisory board, said the selection “marks a generational change in Bertelsmann’s leadership.” Thomas is 35 and Cartsen is 38.

Bertelsmann Keeps It in the Family

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