Longtime top Bertelsmann executive Richard Sarnoff will leave his positions as co-chairman of Bertelsmann, Inc., the company’s North American division, and president of Bertelsmann Digital Media Investments at the end of January to join both Kohlberg Kravis Roberts and their affiliate Weld North as a senior advisor. (Bertelsmann is already a partner with KKR in the music-publishing joint venture BMG, and Sarnoff will join that entity’s board on KKR’s behalf.) Bertelsmann chief financial officer Thomas Rabe will take over leadership of BDMI, which has invested in companies including Trion, Mojiva, Qeep, American Reading Company, Vindicia, and RoyaltyShare. Sarnoff spent much […]
