Nihar Malaviya has been appointed as the permanent CEO of Penguin Random House following his nine-month tenure as interim chief executive.
Malaviya took over the role from Markus Dohle, who left shortly after a federal judge invalidated Penguin Random House’s attempt to merge with Simon & Schuster, a deal that Dohle had been advocating for. Penguin Random House, the world’s largest trade publisher, has been in the midst of a company-wide restructuring in 2023, resulting in the departure of several senior editors through layoffs and a voluntary retirement program.
Bertelsmann, the German media conglomerate, has been the owner of Random House since 1998. The merger of Random House and Penguin took place in 2013.
Nihar Malaviya, 48, has been associated with Bertelsmann since 2001, holding various roles before assuming the position of CEO. Prior to his current role, he served as the COO and president of Penguin Random House in the U.S.
Bertelsmann Chairman and CEO Thomas Rabe stated in a press release on Monday, “He (Nihar Malaviya) 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.”
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