It isn’t clear if the restructuring will address the question of finding a replacement for Gina Centrello, who retired in January as president and publisher of the Random House Publishing Group. Please rest assured that we will move as quickly as possible.”Īccording to sources, if all goes well, the new structure could be in place by the end of February. I understand that changes like this naturally create unease. In his memo to staff about McIntosh’s departure and the reorg, Malaviya, who is widely expected to become the permanent global CEO, wrote that he’s working closely with her “to minimize any disruption to the company and all of you. board, including McIntosh, is composed of 12 women and two men. The new structure will also reflect PRH’s commitment to its DEI initiatives and continue to feature women in positions of power.
Instead, the leadership group will comprise executives from different parts of PRH (at present, there are no plans to hire someone from outside the company) who will bring different ways of thinking about the business. The reorganization will also put in place a new corporate leadership structure that is unlikely to include a new PRH US CEO.
#PENGUIN PUBLISHER TRIAL#
The question about how aggressively different PRH imprints actually bid against one another came up during the trial of the Department of Justice’s suit to block PRH’s S&S purchase. Though the restructuring is still a work in progress, its goal is to reinvigorate internal competition for new titles among PRH’s many imprints while also providing multiple touch points for agents to pitch their books to different PRH editors.
The ruling by Judge Florence Pan that stopped the acquisition set off a string of events that included Dohle’s resignation, the promotion of PRH US COO Nihar Malaviya to interim global CEO, and PRH US CEO Madeline McIntosh’s decision, announced last week, to step down once she has helped Malaviya complete the creation of a new organizational structure for PRH. Penguin Random House’s bid to buy Simon & Schuster was always going to change the future of the world’s largest trade book publisher, but the remake is not happening along the lines former PRH CEO (and current CEO emeritus) Markus Dohle had originally planned.
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