Dohle Replaces Olson as Random House CEO
Hartmut Ostrowski, chairman and CEO of Bertelsmann AG, announced Tuesday that Peter Olson will step down from his position as chairman and CEO of Random House, which he has held for the past 10 years, effective May 31. Arvato Print CEO Markus Dohle will vacate his current position and assume the role of chairman and CEO of Random House as of June 1.
According to Bertelsmann, Olson will leave the company “at his own initiative.” In a letter to the Random House staff, Olson said he will be relocating to Cambridge, Mass. “I am in discussions for a senior faculty position starting in the fall with a full-time workload at a nearby university, and I expect they and I will announce my plans soon,” he wrote.
“Peter Olson made an important contribution to developing Bertelsmann’s book publishing business,” says Ostrowski. “We thank him for his tremendously successful work at the helm of Random House.”
“My appointment as Random House’s chairman and CEO is a great honor for me,” says Dohle. “Trade book publishing faces a promising future. My goal for Random House is for us to join together in identifying new growth opportunities and tap additional potential which we will develop from our core businesses as we continue to build upon Random House’s unique position as the global trade-book market leader.”