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Bertelsmann Finance Chief Judith Hartmann Quits

HartmannBertelsmann’s finance chief Judith Hartmann will leave the company at the end of January 2015.  Privately-held Bertelsmann, which controls broadcaster RTL Group, did not give a reason for Hartmann’s departure.

The company said it would decide on a successor in due course and that Chief Executive Thomas Rabe will take interim responsibility for the financial department.  Bertelsmann is also co-owner of Penguin Random House.

According to the German newspaper “Handelsblatt” the separation was anticipated internally for some time.  Speculations are that she was pushed because CEO Rabe wanted a week CFO.  As it turned out she was hard working and diligent, but lacked the quick-thinking idea flamboyance highly valued at Bertelsmann.

Source:  ReutersHandelsblatt

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