Kelly replaces Twilliger as DK CFO

Kelly replaces Twilliger as DK CFO

DK has appointed Paul Kelly, currently strategy and commercial director for Penguin Random House UK & International, to succeed Stephen Twilliger as chief financial officer for DK Worldwide.

Twilliger, who has been DK’s finance director since 2011, will leave the company in August. The move comes just over a month after Ian Hudson was appointed as DK's new chief executive, replacing John Duhigg.

Twilliger began his career with Penguin as a business manager in 2003, joining from Simon & Schuster as a financial analyst and ascending to the role of group financial planning and analysis manager in 2009, responsible for the analysis of financial reporting and planning across the Penguin Group.

Kelly, also a member of the Penguin Random House UK executive board, joins DK on 30th August reporting to Hudson. He will be responsible for providing financial leadership and strategic planning for the company.

Kelly has been with Random House since 2011. He became group strategy director in 2014, a role that was expanded in March 215 to become group strategy and commercial director, UK and International.

Hudson said: “We are delighted that Paul is joining DK. He brings an impressive mix of strategic, analytical and digital experience to the company. I believe that Paul’s expertise, as well as his passion and commitment to excellence, make him the ideal person to help us build long-term growth and a prosperous future for DK.”

Kelly said: “It has been a privilege to work on so many transformative projects over the last eight years and alongside so many brilliant people, which makes it really great to be able to stay within the Penguin Random House family. I’ve long been an admirer of DK’s innovative approach to publishing and creating brilliant content and I’m really excited to be joining such a talented team.”

Rumours surfaced in April this year that PRH was in talks to sell DK. However, after Hudson was appointed DK c.e.o last month, PRH c.e.o Markus Dohle said he believed Hudson’s international publishing experience, institutional knowledge, and operational expertise made him “the ideal person to lead DK and its global operations into the future”.