Hartwig Masuch is stepping down as CEO of BMG, a Bertelsmann-owned music company. Thomas Coesfeld, who joined BMG as CFO in 2021, will succeed Masuch as CEO effective January 1, 2024. The news reported in Music Business Worldwide says the transition is part of a long-term succession plan and Masuch will remain with Bertelsmann in an advisory role. Coesfeld will also sit on the Bertelsmann Group Management Committee. As CEO, Coesfeld aims to continue BMG’s success story and focus on the needs of artists, songwriters, and rights holders. Masuch has been with Bertelsmann for 32 years and has been CEO … Continue reading Hartwig Masuch Steps Down As CEO of BMG, The Label That Owns Trojan Records U.K. Catalogue