You will be redirected back to your article in seconds

Hesse spinning to BMG

Exec to advise on global corporate strategy, acquisitions

NEW YORK — Bertelsmann exec Thomas Hesse is leaving the German media giant’s Gutersloh headquarters to join Gotham-based music division BMG in the newly created position of chief strategic officer.

Hesse, who reports to chief operating officer Michael Smellie, will advise the label on global corporate strategy and potential acquisition opportunities. He also will serve on BMG’s executive committee along with Smellie, CEO Rolf Schmidt-Holz and RCA Music Group topper Bob Jamieson, among others.

Move follows news in August of a restructuring initiative set in motion by newly minted Bertelsmann topper Gunter Thielen, whose plans include a more decentralized management structure, with core units such as BMG charting its own strategic future.

Insiders noted that, despite Hesse’s pedigree at the home office, his presence at BMG doesn’t contradict those plans because he will report only to the BMG brass.

Hesse was most recently exec VP and head of corporate strategy for Bertelsmann. He started at the company six years ago, starting as chief of TV unit RTL’s new-media division.

Exec then moved into program acquisition and distribution at RTL, and then became head of corporate development for UFA (later CLT/Ufa) — also the former home of Schmidt-Holz.

Before joining Bertelsmann, Hesse was a corporate consultant at McKinsey & Co. for five years.

More Music

  • American Music Awards Alessia Cara

    American Music Awards: What You Didn't See on TV

    NEW YORK — Bertelsmann exec Thomas Hesse is leaving the German media giant’s Gutersloh headquarters to join Gotham-based music division BMG in the newly created position of chief strategic officer. Hesse, who reports to chief operating officer Michael Smellie, will advise the label on global corporate strategy and potential acquisition opportunities. He also will serve […]

  • Top Rock Agent at CAA Nashville

    Powerhouse Nashville Rock Agent Scott Clayton Leaves CAA for WME

    NEW YORK — Bertelsmann exec Thomas Hesse is leaving the German media giant’s Gutersloh headquarters to join Gotham-based music division BMG in the newly created position of chief strategic officer. Hesse, who reports to chief operating officer Michael Smellie, will advise the label on global corporate strategy and potential acquisition opportunities. He also will serve […]

  • Della Reese dead

    Della Reese, 'Touched by an Angel' Star and R&B Singer, Dies at 86

    NEW YORK — Bertelsmann exec Thomas Hesse is leaving the German media giant’s Gutersloh headquarters to join Gotham-based music division BMG in the newly created position of chief strategic officer. Hesse, who reports to chief operating officer Michael Smellie, will advise the label on global corporate strategy and potential acquisition opportunities. He also will serve […]

  • Get Out

    'Get Out,' 'Detroit,' Issa Rae, Jay-Z, Mary J. Blige Among Top NAACP Image Award Nominees

    NEW YORK — Bertelsmann exec Thomas Hesse is leaving the German media giant’s Gutersloh headquarters to join Gotham-based music division BMG in the newly created position of chief strategic officer. Hesse, who reports to chief operating officer Michael Smellie, will advise the label on global corporate strategy and potential acquisition opportunities. He also will serve […]

  • Diana Ross American Music Awards

    TV Review: The 2017 American Music Awards

    NEW YORK — Bertelsmann exec Thomas Hesse is leaving the German media giant’s Gutersloh headquarters to join Gotham-based music division BMG in the newly created position of chief strategic officer. Hesse, who reports to chief operating officer Michael Smellie, will advise the label on global corporate strategy and potential acquisition opportunities. He also will serve […]

  • Charles Manson Hospitalized

    Charles Manson Dies at 83

    NEW YORK — Bertelsmann exec Thomas Hesse is leaving the German media giant’s Gutersloh headquarters to join Gotham-based music division BMG in the newly created position of chief strategic officer. Hesse, who reports to chief operating officer Michael Smellie, will advise the label on global corporate strategy and potential acquisition opportunities. He also will serve […]

More From Our Brands

Access exclusive content