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BMG boss joins Bertelsmann group management committee
By Chris Cooke | Published on Tuesday 4 June 2013
The boss of BMG, Hartwig Masuch, has joined the Group Management Committee of the music firm’s parent company Bertelsmann. The GMC advises the German media giant’s Executive Board on key strategic issues and business development, and Masuch’s appointment to it follows Bertelsmann taking full ownership of BMG back in March, it having previously been a joint venture with equity firm KKR.
The boss of Bertelsmann’s printing company Be Printers, Bertram Stausberg, also joins the group’s GMC this week, and confirming both appointments, Bertelsmann CEO Thomas Rabe told reporters: “I am delighted that Hartwig Masuch and Bertram Stausberg – two outstanding executives who are responsible for two of our key business areas – are strengthening our Group Management Committee”.
On Masuch in particular he added: “BMG has developed under the leadership of Hartwig to become one of the world’s largest music rights companies, and for Bertelsmann – especially since our complete takeover in April – a significant growth platform”.
