Personnel

Brothers Carsten and Thomas Coesfeld, grandsons of Reinhard Mohn, have long been expected to take over the management of the Mohn-controlled Bertelsmann when current chief executive Thomas Rabe steps down by the end of 2026. Over the weekend, the FT highlighted a recent company management meeting at which both Coesfelds “led energetic Ted Talk-style discussions on ‘growth’ and ‘transformation’ last Wednesday. The presentations, part of a two-day corporate gathering, felt like a public audition for the top job.” Both brothers are members of the company’s executive board. Thomas is ceo of the BMG music division and Carsten is ceo of […]