Nihar Malaviya named as permanent CEO of Penguin Random House

Nihar Malaviya has been named as permanent CEO of Penguin Random House, nine months after he was appointed the interim chief executive. Malaviya succeeded Markus Dohle, who departed weeks after a federal judge struck down Penguin Random House's attempted merger with Simon & Schuster, a deal Dohle had pushed for. Penguin Random House, the world's largest trade publisher, has been undergoing a company-wide reorganization in 2023, with numerous senior editors either laid off or departing under a voluntary retirement plan.