Bertelsmann is bringing forward the long-planned leadership change at BMG, which was announced in January 2023.
Thomas Coesfeld, the current CFO of BMG, will now become the music company’s new CEO with effect from July 1, 2023.
He succeeds the founding CEO Hartwig Masuch, who, according to the company, is leaving BMG and Bertelsmann “at his own request and on the best of mutual terms”.
According to Bertelsmann, “due to his personal plans for the future, Hartwig Masuch had requested an earlier departure” from the company, but will remain associated with Bertelsmann in an advisory capacity until 2026.
The CEO changeover was originally scheduled for January 1, 2024.
