Family Patriarchs Take Charge of Struggling European Corporate Giant; Bertelsmann Family Regains Control
Bertelsmann Steps into the Spotlight: Next Executive President(s) Expected to be Appointed
Bertelsmann, Europe's leading media group with a turnover of around 19 billion euros and 75,000 employees, is set to make a rare public appearance. On November 11, the company will host a grand ceremony on Unter den Linden in Berlin, marking one of the rare occasions when Bertelsmann steps into the limelight.
The event, expected to take place in an illuminated tent, will bring together approximately 600 personalities from various spheres, including music, entertainment, social media, and politics. The indications suggest that the choice for the next executive president(s) of the group will fall on Carsten and/or Thomas Coesfeld, aged 38 and 35 respectively, heirs to the Mohn family, owners of Bertelsmann.
If appointed, this would mark a return of the family to the operational management of Bertelsmann after 44 years of external management. The company prefers to hide behind the notoriety of its brands and its influential shareholder foundation, Bertelsmann Stiftung.
Bertelsmann's portfolio includes television giant RTL, publisher Penguin Random House, and music company BMG. The Coesfeld brothers have been closely involved with the group's operations, and their appointment could signal a new era for the family-owned company.
However, it is important to note that there are no specific publicly available candidates named yet for the next Executive President of Bertelsmann expected in November 2025. Details about likely candidates have not been disclosed in the provided search results.
The evening is expected to be one of the rare occasions when Bertelsmann steps into the limelight, shedding light on the future leadership of this influential media group. Stay tuned for more updates on this developing story.
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