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Buchholz Steps Down From Bertelsmann Executive Board

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Aug 27 – Sept 3, 2012 Edition Buchholz Steps Down From Bertelsmann Executive Board

Gütersloh, August 29, 2012 – Dr. Bernd Buchholz (50), a member of the Bertelsmann Executive Board and CEO of Gruner + Jahr, has tendered his resignation from his Executive Board mandate to the Supervisory Board of Bertelsmann Management SE, with immediate effect. The Supervisory Board issued a statement saying it “regrets this decision, and thanks Bernd Buchholz for the long years of collaboration.”

As a majority shareholder, Bertelsmann continues to stand by Gruner + Jahr and supports the further development of the company.

About Bertelsmann

Bertelsmann is an international media company whose core divisions encompass television (RTL Group), book publishing (Random House), magazine publishing (Gruner + Jahr), and services (Arvato) in some 50 countries. In 2011, the company’s businesses, with their more than 100,000 employees, generated revenues of €15.3 billion. Bertelsmann stands for a combination of creativity and entrepreneurship that empowers the creation of first-rate media, communications, and service offerings to inspire people around the world and to provide innovative solutions for customers.