The CEO of Penguin Random House, the world's largest trade publisher, is stepping down weeks after its attempt to buy rival Simon & Schuster was blocked by a federal court.
The CEO of Penguin Random House, the world's largest trade publisher, is stepping down weeks after its attempt to buy rival Simon & Schuster was blocked by a federal court.
"Following the antitrust decision in the U.S. against the merger of Penguin Random House and Simon & Schuster, I have decided, after nearly 15 years on the Executive Board of Bertelsmann and at the helm of our global publishing business, to hand over the next chapter of Penguin Random House to new leadership," Dohle, 54, said a statement released Friday by parent company Bertelsmann, the German conglomerate.
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