Current Affairs - Business - Discussion

Nihar Malaviya, previously serving as interim CEO, has now been officially appointed as the permanent CEO of Penguin Random House. He took over from Markus Dohle, who left the company shortly after a federal judge rejected Penguin Random House's merger with Simon & Schuster. This development comes as Penguin Random House, the largest trade publisher globally, undergoes a company-wide reorganization in 2023, resulting in the departure of several senior editors due to layoffs or voluntary retirement.