Thomas Rabe speaks five languages, holds a doctorate in economics, and cycles, runs or rows more than 60 miles a week. In his 20s, he managed hundreds of millions of deutsche marks in East German assets after the Berlin Wall fell. In his 30s he oversaw the finances of Europe’s largest TV broadcaster. As he approaches age 50, Rabe works in an office next to his boss and lives in a house next to his boss’s mother.
Bertelsmann AG plans legal changes that may pave the way for an initial public offering, indicating the 177-year-old company’s owner is relaxing its opposition to a share sale under new Chief Executive Officer Thomas Rabe.
Bertelsmann AG, Europe’s biggest media company and owner of publisher Random House, named Chief Financial Officer Thomas Rabe as chief executive officer to succeed Hartmut Ostrowski as it aims to expand via acquisitions.