Nihar Malaviya, appointed interim ceo starting in January, has formally been made ceo of the publisher. Bertelsmann chair and ceo Thomas Rabe says in the announcement: “I am delighted that he is now taking over responsibility for Penguin Random House on a permanent basis. As interim CEO, Nihar has set an important strategic course. Most importantly, he has transformed the structures at Penguin Random House so that the publishers and publishing groups can work more creatively and entrepreneurially. I am confident that he will continue to develop the Group with great vigor."
