One of Penguin Random House’s top executives, U.S. Chief Executive Madeline McIntosh, is stepping down.
Biden administration receives a clear victory, with the judge ruling the blockbuster merger would diminish competition in book publishing.McIntosh, appointed U.S. CEO in 2018, had risen steadily at the publisher through numerous reorganizations. On Tuesday, she cited both the need for change at the publisher — “CEOs shouldn’t stay in their seats forever” — and her own desire for “professional growth.” She has worked on and off in book publishing for decades, and briefly worked for Amazon.
“My path through books has never been linear,” she wrote in a company memo. “From editorial, to new media, to sales, to audio, to Amazon , to leadership of our digital transition, to the making of Penguin Random House, to publishing with the Penguins, and finally to this seat: It’s a road that would have been hard to plan for or predict. The points of my biggest pivots are exactly the ones that taught me the most.
McIntosh will not leave immediately; she plans to work “very closely” with Nihar Malaviya, Penguin Random House’s interim global CEO, “to determine the best plan for the U.S. organization going forward.” In a separate company letter, Malaviya wrote that he had been “fortunate to have learned so much from Madeline throughout the years we have worked together and have benefited from her friendship, both personally and professionally.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
WSJ News Exclusive | CEO of Penguin Random House U.S., Country’s Largest Book Publisher, Steps DownMadeline McIntosh said she is stepping down as CEO of Penguin Random House U.S., the third senior executive to leave the country's largest consumer book publisher in the past two months
Baca lebih lajut »
There are 'always opportunities' in real estate, Crow Holdings CEO says - CEO SpotlightMichael Levy, the CEO of Dallas-based Crow Holdings, tells KRLD's David Johnson there are always opportunities in real estate, regardless of the economic cycle.
Baca lebih lajut »
McIntosh Unleashes A Beast Of A New Home Theater ReceiverThis new Dolby Atmos home theater receiver from McIntosh has all the classic looks from the revered audio brand but incorporates some of the latest innovations in home theater technology.
Baca lebih lajut »
Mark Cuban talks entrepreneurship and challenges - CEO SpotlightMark Cuban, CEO of Cuban Companies, joins David Johnson on this episode of CEO Spotlight.
Baca lebih lajut »
UK insurer Legal & General's CEO Wilson to retireLegal & General Chief Exexecutive Nigel Wilson is retiring after a decade in the top job but will remain in the post until a successor takes the helm, the British insurer and pensions provider said on Monday.
Baca lebih lajut »