Gütersloh, December 24, 2008 – Dr. Bernd Kundrun, a member of the Bertelsmann AG
Executive Board and CEO of Gruner + Jahr, notified the Supervisory Board of Bertelsmann
AG on Tuesday evening that he has stepped down from the Bertelsmann Executive Board
with immediate effect. Bertelsmann is the parent company to Random House.
Bertelsmann Supervisory Board has acknowledged Kundrun’s personal decision and will
comment on it in due course.
Bertelsmann will continue to stand behind Gruner + Jahr as a majority shareholder and will
continue to develop the magazine business, as in the past three decades, together with the
Jahr family as G+J’s second shareholder.
About Bertelsmann AG
Bertelsmann is an international media company encompassing television (RTL Group), book publishing
(Random House), magazine publishing (Gruner + Jahr), media services (Arvato), and media clubs
(Direct Group) in more than 50 countries. Bertelsmann’s claim is to inspire people around the world with
first-class media and communications offerings – entertainment, information and services – and occupy
leading positions in its respective markets. The foundation of Bertelsmann's success is a corporate
culture based on partnership, entrepreneurial spirit, creativity, and corporate responsibility. The
company strives to bring creative new ideas to market and create value.
Wednesday, December 24, 2008
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