Page 3 - Christopher Mohn News Today : Breaking News, Live Updates & Top Stories | Vimarsana

The CEO of Penguin Random House, the world’s largest trade publisher, is stepping down. Markus Dohle’s decision is effective at the end of the year. It comes just weeks after a federal judge blocked the company’s attempt to buy rival Simon & Schuster. Dohle is also leaving his seat on the Bertelsmann executive board. The Bertelsmann announcement said his departure was made at “his own request and on the best of mutual terms." Dohle will be succeeded, on an interim basis, by Nihar Malaviya, 48, currently president and COO of Penguin Random House.

NEW YORK (AP) — The CEO of Penguin Random House, the world's largest trade publisher, is stepping down. Markus Dohle's decision, effective at the end of the year, comes just weeks after a federal judge blocked the company's attempt to buy rival Simon & Schuster.

Head of world's largest trade publisher is leaving weeks after a court blocked its $2.2 billion deal with Simon & Schuster.

Markus Dohle will remain with the company in an advisory capacity.

The CEO of Penguin Random House, the world's largest trade publisher, is stepping down. Markus Dohle's decision, effective at the end of the year, comes just weeks after a federal judge blocked the company's attempt to buy rival Simon & Schuster.