Younger brother beats older sibling in Bertelsmann succession battle
Thomas Coesfeld, 35, gets nod to run Penguin Random House and BMG owner in early 2027
Thomas Coesfeld, 35, gets nod to run Penguin Random House and BMG owner in early 2027

Two brothers are competing for the prize of running the family business behind RTL and Penguin Random House

Markus Strobel also becomes interim chief, replacing Sue Nabi who departs after sharp falls in share price

Berlin nevertheless wants to ‘actively participate’ in race for EU job that no German has ever held

Der 35 Jahre alte Thomas Coesfeld soll im Jahr 2027 die Führung des Medienkonzerns von Thomas Rabe übernehmen. Das kommt auf ihn…

As the original private equity barbarian reaches milestone, the FT interviews its founders and their successors

Germany’s largest lender is set to unveil its latest strategy. A former Morgan Stanley banker will be in charge of implementing it