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Thomas Hesse departs Bertlesmann

Bertlesmann, the world’s largest music publisher, have released a statement confirming the rumours that President Thomas Hesse is leaving. Hesse was instrumental in overseeing the publisher’s digital overhaul, including its extensive video interests. In a statement, the company said that Hesse was leaving “at his own request” to “pursue new professional opportunities.”

“With his deep understanding of digital business models, Thomas Hesse was particularly instrumental in Bertelsmann’s transformation to digital. Bertelsmann has made excellent progress here,” says Bertelsmann Chairman & CEO Thomas Rabe (who will take on Hesse’s responsibilities). “This goes for RTL Group with its billions of online video views and what is now the fourth-largest video network on YouTube, for Penguin Random House with its extensive e-book program and 120 million e-books sold per year, as well as for all our other corporate divisions, including our funds’ holdings in digital businesses all over the world. Thomas Hesse established new digital forums and processes that have significantly advanced the level of expertise and knowledge transfer at Bertelsmann.”

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