Bertelsmann Chairman To Step Down
GUETERSLOH, Germany (AP) _ Bertelsmann AG supervisory board chairman Mark Woessner will leave the company Oct. 31 for personal reasons, the international media concern said Friday.
Woessner will also leave his post as chairman of the executive board of the Bertelsmann Foundation, the company said in a statement.
It said he was leaving for personal reasons ``which also include taking up his own, private entrepreneurial activity.″
Under the German system, the supervisory board approves major decisions while a second management board runs the company and decides on strategy.
``Mark Woessner will stay on friendly terms with Bertelsmann in the future,″ Bertelsmann said, adding that Woessner will continue to be involved with the company and its institutions.
Gerd Schulte-Hillen, currently management board chairman at Bertelsmann unit Gruner & Jahr, will assume Woessner’s position on the supervisory board Nov. 1.
Reinhard Mohn will replace Woessner at the foundation until 2002, when he reaches retirement age. Gunter Thielen will then assume his post.