Madeline McIntosh will step down as ceo of Penguin Random House US after a transition period, she announced to staff in a memo on Tuesday. She wrote: “I am stepping down from my position as your U.S. CEO. I’m not leaving right away; instead, Nihar [Malaviya] and I are working very closely together to determine the best plan for the U.S. organization going forward. I know you’ll be in good hands with Nihar and the U.S. Board. They know and love this business as much as I do. For the time being, all remains as usual.” Malaviya was elevated to […]
