GERMANY

New exec lined up

Media giant Bertelsmann AG has tapped executive board member Thomas Middelhoff, 44, to succeed chairman Mark Woessner, 58, in October 1998. Bertelsmann requires its execs to retire at age 60.

Middelhoff, currently in charge of corporate planning and multimedia, is the youngest member of the Bertelsmann board. He oversaw the successful European launch of online service AOL, a joint venture of Bertelsmann and America Online Inc.

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