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Hesse could soon depart Bertlesmann

By | Published on Friday 29 November 2013

Thomas Hesse

According to Billboard, Thomas Hesse, the record industry veteran who is currently President Of Corporate Development & New Businesses for BMG parent company Bertelsmann, is set to exit the German media firm.

The US trade mag reckons that Bertelsmann’s supervisory board will today discuss a request by Hesse to be released from his contract. It follows reports earlier this year that the board had indicated it would be unlikely to renew its current agreement with the exec once it expired. The media firm has not commented on any of these reports.

Hesse worked at the original BMG business, and then spent a time in a senior digital role at Sony Music, following the merger of the BMG and Sony record companies. He returned to Bertelsmann at the start of 2012 and, although not specifically in a music post, is believed to have played a key role in supporting the new BMG business, both in its ongoing expansion, and in bringing the music rights company back into the complete ownership of Berteslmann.