* Nihar Malaviya, an Indian-origin publishing executive, has been named permanent CEO of New York-based international publishing group "Penguin Random House", nine months after he was appointed the interim chief executive, the publisher's parent company Bertelsmann said on Monday (18th Sep 2023).
* Malaviya, 48, assumed the role of Interim CEO of Penguin Random House starting January 1, 2023. Malaviya will replace Markus Dohle, who departed after Penguin Random House's failed bid for Simon & Schuster last year.
* "Nihar Malaviya will lead Penguin Random House permanently as CEO," Bertelsmann said in a statement.
* Bertelsmann Chairman and CEO Thomas Rabe said: "In Nihar Malaviya, the right leader is at the helm of Penguin Random House at the right time. Nihar has proven exactly this over the past nine months, and I am delighted that he is now taking over responsibility for Penguin Random House on a permanent basis."
* Rabe said as interim CEO, Malaviya has set an important strategic course.
* "Most importantly, he 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 vigour. I look forward to continuing to work with him as CEO of Penguin Random House and on the GMC," Rabe said.
* Prior to his appointment as interim CEO of Penguin Random House on January 1, 2023, Malaviya served as President and Chief Operating Officer of Penguin Random House US since 2014.
* During his tenure in publishing, Malaviya has spearheaded the creation of a variety of industry-first capabilities in data science, supply chain, technology, and consumer insights.
* Malaviya began his career at Bertelsmann in 2001 as a participant in the Bertelsmann Entrepreneurs Programme.
* In 2003, he moved within the group to Random House, successfully taking on a number of leadership positions.
* Malaviya is a two-time recipient of the Bertelsmann Entrepreneur Award for Strategy Execution.
* He holds an MBA in Finance and Marketing from the NYU Stern School of Business, as well as a Bachelor of Science in Computer Science..
Source : Theweek
