By Mauro Orru
Bertelsmann SE has appointed RTL Deutschland's new co-chief executive Matthias Dang to its group management committee.
The German media conglomerate, owner of Penguin Random House, said Wednesday that Mr. Dang would join the committee with immediate effect.
Stephan Schaefer, co-chief executive at RTL Deutschland, is already a member of the group management committee.
Mr. Schaefer will take over as head of the Bertelsmann Content Alliance, which consists of RTL Group SA's RTL Deutschland, UFA, the Penguin Random House publishing group, Gruner + Jahr and music company BMG.
RTL Deutschland recently agreed with Bertelsmann to acquire Gruner + Jahr's German publishing assets and brands, in a deal that is expected to close in January next year.
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(END) Dow Jones Newswires