Nihar Malaviya, who is president and chief operating officer of Penguin Random House U.S., will take over as interim CEO from Jan. 1, the company said., expressed full confidence in Malaviya, who he said had a chance of permanently becoming CEO. "We're looking at that over the next year," he told Reuters.
"We will invest several hundred million euros in the acquisition of book publishers worldwide by 2025 as part of our Boost strategy," he said.
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What? they had a penguin as a CEO?