Business News
Bernd Kundrun Steps Down from Bertelsmann Executive Board
Friday 26. December 2008 - Dr. Bernd Kundrun, a member of the Bertelsmann AG Executive Board and CEO of Gruner + Jahr, notified the Supervisory Board of Bertelsmann AG on Tuesday evening that he has stepped down from the Bertelsmann Executive Board with immediate effect.
The Bertelsmann Supervisory Board has acknowledged Kundruns personal decision and will comment on it in due course.
Bertelsmann will continue to stand behind Gruner + Jahr as a majority shareholder and will continue to develop the magazine business, as in the past three decades, together with the Jahr family as G+Js second shareholder.