Thomas Rabe Named CEO At Bertelsmann AG
October 10, 2011 at 9:12 AM (PT)
BERTELSMANN AG, EUROPE's biggest media company, has named CFO THOMAS RABE as its new CEO, to succeed HARTMUT OSTROWSKI.
RABE, 46, will take over on JANUARY 1st and OSTROWSKI, 53, will join the company’s supervisory board.
OSTROWSKI is resigning from the executive board for "personal reasons," BERTELSMANN said, adding that the change takes place "amicably and by mutual consent."