Nihar Malaviya named as permanent CEO of Penguin Random House

NEW YORK (AP) β€” Nihar Malaviya has been named as permanent CEO of Penguin Random House, nine months after he was appointed the interim chief executive.

Malaviya succeeded Markus Dohle, who departed weeks after a federal judge struck down Penguin Random House’s attempted merger with Simon & Schuster, a deal Dohle had pushed for. Penguin Random House, the world’s largest trade publisher, has been undergoing a company-wide reorganization in 2023, with numerous senior editors either laid off or departing under a voluntary retirement plan.

Bertelsmann, the German media conglomerate, has owned Random House since 1998. Random House and Penguin merged in 2013.

β€œHe has transformed the structures at Penguin Random House so that the publishers and publishing groups can work more creatively and entrepreneurially. I am confident that he will continue to develop the Group with great vigor,” Bertelsmann Chairman and CEO Thomas Rabe said in a statement Monday.

Malaviya, 48, joined Bertelsmann in 2001, and had served in a variety of positions before becoming CEO. He was most recently COO and president of Penguin Random House in the U.S.

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