Pair hop onto Bertelsmann board

Milberg, Sorensen replace Breuer, Job

BERLIN — German media giant Bertelsmann on Wednesday added Joachim Milberg, supervisory board chairman of BMW, and Lars Rebien Sorensen, prexy-CEO of Danish pharmaceuticals company Novo Nordisk, to its supervisory board.

Milberg and Sorensen replace Rolf Breuer, supervisory board chairman of Deutsche Bank, and Peter Job, former CEO of Reuters Group, whose terms expired.

Dieter Vogel, chairman of Bertelsmann’s supervisory board, called Milberg and Sorensen “a good match for Bertelsmann because they represent a combination of commercial success and corporate responsibility, along with high powers of innovation and a strong focus on employees.”

On Wednesday, bankrupt media mogul Leo Kirch unsuccessfully tried to have Breuer ousted as supervisory board chairman of Deutsche Bank at the group’s shareholders’ meeting.

Deutsche Bank is facing a legal challenge from Kirch, who blames Breuer for the collapse of his media empire.

Kirch claims that comments by Breuer in February 2002, when he was CEO of Deutsche Bank, deterred other lenders from extending credit to his company. Kirch Media filed for insolvency shortly thereafter, crushed by $5.7 billion of debt and mounting losses.

Deutsche Bank is appealing a lower court ruling holding the bank and Breuer liable for Kirch’s insolvency.

More Biz

  • Jack Ma Alibaba

    Alibaba Looking at Expansion in Advertising, Media Sectors

    BERLIN — German media giant Bertelsmann on Wednesday added Joachim Milberg, supervisory board chairman of BMW, and Lars Rebien Sorensen, prexy-CEO of Danish pharmaceuticals company Novo Nordisk, to its supervisory board. Milberg and Sorensen replace Rolf Breuer, supervisory board chairman of Deutsche Bank, and Peter Job, former CEO of Reuters Group, whose terms expired. Dieter […]

  • Mandatory Credit: Photo by AP/REX/Shutterstock (9178399b)Hillary

    Hillary Clinton Talks Russia, Trump, Putin and Midterm Elections at NYC Festival

    BERLIN — German media giant Bertelsmann on Wednesday added Joachim Milberg, supervisory board chairman of BMW, and Lars Rebien Sorensen, prexy-CEO of Danish pharmaceuticals company Novo Nordisk, to its supervisory board. Milberg and Sorensen replace Rolf Breuer, supervisory board chairman of Deutsche Bank, and Peter Job, former CEO of Reuters Group, whose terms expired. Dieter […]

  • Richard Simmons

    Prosecutors Charge Private Eye With Illegal Spying on Richard Simmons

    BERLIN — German media giant Bertelsmann on Wednesday added Joachim Milberg, supervisory board chairman of BMW, and Lars Rebien Sorensen, prexy-CEO of Danish pharmaceuticals company Novo Nordisk, to its supervisory board. Milberg and Sorensen replace Rolf Breuer, supervisory board chairman of Deutsche Bank, and Peter Job, former CEO of Reuters Group, whose terms expired. Dieter […]

  • Lionsgate General Counsel Left Amid Allegations

    Lionsgate General Counsel Left Amid Allegations of Sexual Abuse

    BERLIN — German media giant Bertelsmann on Wednesday added Joachim Milberg, supervisory board chairman of BMW, and Lars Rebien Sorensen, prexy-CEO of Danish pharmaceuticals company Novo Nordisk, to its supervisory board. Milberg and Sorensen replace Rolf Breuer, supervisory board chairman of Deutsche Bank, and Peter Job, former CEO of Reuters Group, whose terms expired. Dieter […]

  • 'Hammerhead' Takes Top Honors at New

    'Hammerhead' Takes Top Honors at New York Television Festival

    BERLIN — German media giant Bertelsmann on Wednesday added Joachim Milberg, supervisory board chairman of BMW, and Lars Rebien Sorensen, prexy-CEO of Danish pharmaceuticals company Novo Nordisk, to its supervisory board. Milberg and Sorensen replace Rolf Breuer, supervisory board chairman of Deutsche Bank, and Peter Job, former CEO of Reuters Group, whose terms expired. Dieter […]

  • Radiohead Coachella

    Radiohead Demands Answers in Drum Technician's Death

    BERLIN — German media giant Bertelsmann on Wednesday added Joachim Milberg, supervisory board chairman of BMW, and Lars Rebien Sorensen, prexy-CEO of Danish pharmaceuticals company Novo Nordisk, to its supervisory board. Milberg and Sorensen replace Rolf Breuer, supervisory board chairman of Deutsche Bank, and Peter Job, former CEO of Reuters Group, whose terms expired. Dieter […]

  • Kevin Durant LeBron James

    Kevin Durant Praises LeBron James' Lakers Move

    BERLIN — German media giant Bertelsmann on Wednesday added Joachim Milberg, supervisory board chairman of BMW, and Lars Rebien Sorensen, prexy-CEO of Danish pharmaceuticals company Novo Nordisk, to its supervisory board. Milberg and Sorensen replace Rolf Breuer, supervisory board chairman of Deutsche Bank, and Peter Job, former CEO of Reuters Group, whose terms expired. Dieter […]

More From Our Brands

Access exclusive content