Indian-origin publishing executive Nihar Malaviya has been named
permanent CEO of New York-based international publishing group Penguin Random
House.
Prior to this, Malaviya (48) was working as the interim chief
executive for nine months, said the publisher’s parent company Bertelsmann.
Bertelsmann Chairman and CEO Thomas Rabe said, “In Nihar Malaviya,
the right leader is at the helm of Penguin Random House at the right time.
Nihar has proven exactly this over the past nine months, and I am delighted
that he is now taking over responsibility for Penguin Random House on a
permanent basis.”
Rabe said as interim CEO, Malaviya has set an important strategic
course.
“Most importantly, he has transformed the structures at Penguin
Random House so that the publishers and publishing groups can work more
creatively and entrepreneurially. I am confident that he will continue to
develop the Group with great vigour. I look forward to continuing to work with
him as CEO of Penguin Random House and on the GMC,” Rabe said.
Malaviya assumed the role of Interim CEO of Penguin Random House
starting January 1, 2023.
Malaviya will replace Markus Dohle, who departed after Penguin
Random House’s failed bid for Simon & Schuster last year.
Before his appointment as interim CEO of Penguin Random House on
January 1, Malaviya served as President and Chief Operating Officer of Penguin
Random House US since 2014.
During his tenure in publishing, Malaviya has spearheaded the
creation of a variety of industry-first capabilities in data science, supply
chain, technology, and consumer insights.
Malaviya began his career at Bertelsmann in 2001 as a participant
in the Bertelsmann Entrepreneurs Programme.
In 2003, he moved within the group to Random House, successfully
taking on a number of leadership positions.
Malaviya is a two-time recipient of the Bertelsmann Entrepreneur
Award for Strategy Execution.
He holds an MBA in Finance and Marketing from the NYU Stern School
of Business, as well as a Bachelor of Science in Computer Science.
Malaviya also serves on the board of directors of the Association
of American Publishers and Yale University Press.
