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| Nina von Moltke | |
In another high-level departure at Penguin Random House, Nina von Moltke, president, director of strategic development, has decided to leave the company. Her announcement follows the resignation in December of global CEO Markus Dohle, the retirement in January of Random House Publishing Group president and publisher Gina Centrello and the impending departure of U.S. CEO Madeline McIntosh.
In a note to colleagues, von Moltke said, "I've been lucky to have worked across an incredibly wide array of areas and functions. I've seen my role and responsibilities change, sometimes in unexpected ways, every few years. I loved the twists and turns. It kept the story interesting. It was that dynamic--the allure of new challenges and a desire to stretch beyond the familiar--that led me to this decision. I'm looking forward to what comes next."
In a separate note to staff, McIntosh and interim global CEO Nihar Malaviya said in part, "In her 20 years at Penguin Random House, Nina has played a seminal role in building the company we are today. Her unique combination of sharp business acumen, affinity for creativity, warmth, and empathy have made her a valued and respected strategic partner for leaders across our full suite of publishing functions. It's a combination that also has translated to her having direct oversight for one of the broadest portfolios in the company: author development and services (author portal and university, speakers bureau, out of print merchandising, and podcast and e-course development), author contracts and permissions, royalties and rights management, children's subrights, and the corporate design group.
"Particularly during critical periods of change in our market, Nina's contributions have been invaluable. When e-books surged, she was a key member of the team that adapted our publishing processes and business practices to the new needs and requirements of the market. When the first signs emerged of the audio boom, Nina, who oversaw the audio and diversified publishing groups from 2010 to 2018, led the investments in capabilities, infrastructure, and talent that were critical in ensuring our continued market leadership. And when the travel guide business was headed for rough waters in 2015, Nina worked to initiate and lead our divestment from it.
"In the last few years, Nina has been on the forefront of helping the U.S. leadership team seize growth opportunities. These efforts have included championing the Penguin Young Readers acquisition of Eric Carle's IP; supporting PRH's investment in Sourcebooks, whose board she has been a member of since we became partners in 2019; and spearheading our strategy for growth in the wellness categories."