Overview
- Michael Pietsch, CEO of Hachette Book Group, is retiring and will be succeeded by Hachette UK CEO David Shelley starting January 1.
- Pietsch will serve as chairman of Hachette Book Group after stepping down as CEO.
- Richard Kitson, deputy CEO of Hachette UK, will also take on the same role for Hachette Book Group.
- Pietsch presided over an era of expansion for Hachette, including the acquisition of companies such as Workman Publishing and Hyperion Books.
- Under Shelley, Hachette Book Group and Hachette UK will become more closely aligned.