Holtzbrinck Publishing Group, a Stuttgart-based publishing holding company, has reorganised its management structure following the formation of Springer Nature earlier this year, with Macmillan's John Sargent assuming the role of HPG's executive vice president, reporting to group CEO Stefan von Holtzbrinck.
Springer Nature chief scientific officer Annette Thomas, formerly CEO at Macmillan Science and Education, has resigned from her duties as a member of the HPG executive board.
Springer Nature was created earlier in the year by the merger of Springer Science+Business Media with the bulk of Macmillan Science and Education, and is led by CEO Derk Haank. The new group, which has a turnover estimated at €1.5bn and 13,000 employees, is under the joint control of Holtzbrinck and funds advised by BCP, with Holtzbrinck retaining a 53 percent share.
Holtzbrinck has now reorganised the management structure of its other three major business areas: global trade publishing, (Macmillan Publishing and Holtzbrinck Deutsche Buchverlage), higher education (Macmillan Higher Education and Macmillan New Ventures), and the digital business units (Holtzbrinck Digital, Digital Science, Digital Education).
Sargent, formerly Macmillan Publishing CEO, will now assume the role of executive vice president of the Holtzbrinck Publishing Group and take on responsibility for the higher education business as well as continuing to manage the global trade business.
Markus Schunk, managing director of Holtzbrinck Digital, will assume responsibility for the digital business units. He will report to the group CEO, Stefan von Holtzbrinck.
Volker Smid, head of digital and technologies at Holtzbrinck, will take on a new management role at one of Holtzbrinck's digital companies which the company said it will announce shortly. As a result, Smid will resign from the HPG supervisory board.
The responsibilities of the HPG executive board members Jens Schwanewedel, CFO and deputy CEO, and Michael Brockhaus, head of strategy, M&A and Holtzbrinck Ventures, are unchanged, the company said.
The Holtzbrinck Publishing Group is a family-owned media company based in Stuttgart, Germany, operating in 120 countries worldwide.
