Thomas Hesse Exiting Bertelsmann December 31st

Thomas Hesse

BERTELSMANN Executive Board member and Pres./Corporate Development and New Businesses THOMAS HESSE is exiting at the end of the year. The company released a statement saying HESSE, "wishes to pursue new professional opportunities in the digital business sector and therefore has asked the Supervisory Board to release him from his Executive Board mandate. The Supervisory Board has granted this request at its meeting today, respectful of his wish for a change."

HESSE will remain affiliated with BERTELSMANN as a consultant to the Executive Board.

Supervisory Board Chairman CHRISTOPH MOHN said, "THOMAS HESSE has played a formative role in mapping out the new corporate strategy during his nearly two years on the Executive Board. As part of BERTELSMANN's strategic realignment, Corporate Development was upgraded to an Executive Board-level unit with HESSE's appointment. The Group's strategy is now being successfully implemented and is firmly anchored in the divisions. I would like to thank THOMAS HESSE on behalf of the entire Supervisory Board for his efforts and the valuable discussions we have had. I wish him all the best for his future career plans."

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