Woessner quits Bertelsmann after 32 years service

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GUTERSLOH--Mark Woessner, chairman of the supervisory board of the Bertelsmann media group and member of the executive board of the Bertelsmann Foundation, is to end his 32 years at the company on Oct.31. He is leaving to pursue a personal venture, yet to be disclosed.

Gerd Schulte-Hillen, chairman of the executive board of Bertelsmann subsidiary Gruner & Jahr, Hamburg, will succeed Mr. Woessner. Bertelsmann's founder, Reinhard Mohn, will assume the chair of the Bertelsmann Foundation.

Mr. Woessner, 61, joined Bertelsmann in 1968 as assistant to the management board and was later appointed to the executive board, responsible for the printing and industrial operations division. He became chairman of the executive board in 1983, remaining at the post for 15 years during which Bertlesmann created a majorEuropean TV corporation following the merger of stations CLT and UFA. During this period. Bertelsmann's sales grew from $3.1 billion to $14.5 billion.

Copyright May 2000, Crain Communications Inc.

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