Nihar Malaviya Has Been Appointed CEO of Penguin Random House
Bertelsmann has removed the interim tag from Nihar Malaviya, who was selected to lead Penguin Random House’s global operations when Markus Dohle left at the end of 2022. Malaviya was designated temporary CEO for PRH’s global companies at the time, however it had long been predicted that he would be named CEO.
In making the announcement, Bertelsmann chairman and CEO Thomas Rabe called Malaviya “the right leader” for the publisher “at the right time.” Rabe said that 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.”
Indeed, PRH’s U.S. division, which is by far the publisher’s largest, has undergone a complete overhaul. Instead of choosing a new CEO to replace the leaving Madeline McIntosh, Malaviya broke the Random House Publishing Group back into two companies in February, restoring the Crown Publishing Group and established a management group to oversee PRH US.
This April, PRH launched a voluntary separation offer (VSO) program, prompting many of the company’s most well-known editors, publishers, and other executives to leave by the end of the year. These changes, in turn, have resulted in more reorganizations within different imprints, with employees being promoted to new jobs.
In 2003, Malaviya joined what was then Random House. He was designated president and COO of PRH in 2014, during which time, according to Bertelsmann, he “spearheaded the creation of a variety of industry-first capabilities in data science, supply chain, technology, and consumer insights.”
Malaviya has sat on Bertelsmann’s Group Management Committee, a committee of executives that advises the executive board, since being named interim CEO. Malaviya also serves on the boards of the American Publishers Association and Yale University Press.
More Stories
Apurva Mathur’s Murder Mystery ‘He Spoke After Ten Years’ – A Riveting New Release
Apurva Mathur, a former physics educator turned novelist, has made his literary debut with a compelling murder mystery, He Spoke...
Unloved – The Art of Moving On: A Powerful Guide to Healing After Heartbreak by Harshita Gupta | Book of the Week at The Literature Today
The Literature Today is proud to feature Harshita Gupta’s debut book, Unloved – The Art of Moving On, as our...
Amitav Ghosh Wins Dutch Erasmus Prize for Highlighting Climate Change Impact on Humanity
Indian author Amitav Ghosh has been awarded the prestigious Dutch Erasmus Prize for his significant contributions to highlighting the impact...
Unfathomed – #ThinkingNidra by Nidra Naik
Book: Unfathomed - #ThinkingNidraAuthor: Nidra NaikAvailable on: Amazon | GoodreadsFollow the Author on Instagram: @thinkingnidra Nidra Naik’s Unfathomed is a...
Tipu Sultan: The Saga of Mysore’s Interregnum
Title: Tipu Sultan: The Saga of Mysore's InterregnumAuthor: Vikram SampathPages: 984Publisher: VintageBuy now The enigma of Tipu Sultan, a ruler...
The shortlist for the 2024 Crossword Book Awards is revealed.
The shortlist for the prestigious Jury Awards has been carefully chosen by the distinguished jury of the 2024 Crossword Book...