The appointment takes effect upon completion of the merger<\/p>\n
Longtime Bertelsmann<\/strong> executive Bj\u00f6rn Bauer<\/strong> has been named Chief Financial Officer of the company created by the merger of BMG<\/strong> and Concord<\/strong>. He will be based in Nashville and report to designated CEO Bob Valentine<\/strong>.<\/p>\n Bauer will oversee the business\u2019s finance functions and assume responsibility for the M&A team.<\/p>\n The appointment will take effect when the merger is completed, likely in the second half of 2026.<\/p>\n Until then, BMG\u2019s current CFO, Mathis Wolter<\/strong>, will continue to oversee the firm\u2019s finance division, after which he will assume new responsibilities within Bertelsmann.<\/p>\n Current Concord CFO Kent Hoskins<\/strong> will stay on in the role until the merger closes; it is \u201canticipated\u201d he will take another senior leadership position within the combined company.<\/p>\n Since 2019 Bauer has served as CFO at entertainment company RTL Group<\/strong>, which is majority-owned by BMG\u2019s parent company Bertelsmann.<\/p>\n He has been involved in the Group\u2019s major transactions, including the recently approved acquisition of Sky Deutschland <\/strong>(GSA), and the sale of RTL Netherlands<\/strong>.<\/p>\n Prior he held senior roles within Bertelsmann, beginning in 2007.<\/p>\n He also served as CFO at Relias<\/strong>, Bertelsmann\u2019s US-based online learning provider.<\/p>\n Thomas Coesfeld<\/strong>, designated Chairman of the combined company: \u201cBj\u00f6rn brings a wealth of experience and a proven track record of delivering strong results through operational excellence and disciplined financial management. We are delighted that he is expected to join the combined company following completion of the transaction and look forward to the impact he will have as we continue to strengthen and grow the business. At the same time, I would like to thank Mathis for playing an instrumental role in shaping BMG\u2019s strategic transformation, and for being a trusted partner to me and the executive team over the past three years.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"Bertelsmann executive Bj\u00f6rn Bauer has been named Chief Financial Officer of the newly merged BMG and Concord, effective upon the merger completion.","protected":false},"author":1,"featured_media":5124,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"csco_display_header_overlay":false,"csco_singular_sidebar":"","csco_page_header_type":"","csco_page_load_nextpost":"","csco_post_video_location":[],"csco_post_video_location_hash":"","csco_post_video_url":"","csco_post_video_bg_start_time":0,"csco_post_video_bg_end_time":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[513],"tags":[],"class_list":{"0":"post-5123","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-careers-people","8":"cs-entry","9":"cs-video-wrap"},"yoast_head":"\n