Penguin Random House’s chief financial officer (CFO) in the US, Milena Alberti, is leaving the company at the end of this year.
Her departure follows the conclusion of the implementation of the merger of Penguin and Random House and the increase of Bertelsmann's shareholding in Penguin Random House.
Alberti was also “instrumental” in consolidating and growing PRH’s Spanish-language business through the buyout of Mondadori and leading the acquisition of Santillana and Ediciones B for Grupo Editorial, Marcus Dohle, c.e.o. of PRH, said.
“I am one of many who has truly valued, enjoyed, and benefited from collaborating with Milena over the years, and I want to express my sincere appreciation for her tremendous contributions to our company,” he added.
A new CFO will be appointed in first quarter of next year.
Until then, James Johnston, current deputy CFO, will lead the Finance Group, reporting to Dohle.
“On behalf of the Penguin Random House Global Executive Committee, I thank Milena enormously for her tireless dedication to our company, and for sharing in our collective passion for books,” Dohle said. “We wish her every future success.”