Bertelsmann’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.