Indian-origin Nihar Malaviya named permanent CEO of Penguin Random House
International
New York, Sep 18 (PTI) 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.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.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.
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