From left, Carsten Coesfeld, member of the Bertelsmann Executive Board, Liz Mohn, shareholder of Bertelsmann and member of the Bertelsmann Supervisory Board, and Thomas Coesfeld, the newly appointed CEO of Bertelsmann. (Christoph Soeder/dpa via AP)

People

For Bertelsmann, the younger brother was the heir apparent

This week, Bertelsmann, the media conglomerate, brought to a close a long-running saga over which family member would assume the top position when the group finally appointed Thomas Coesfeld as CEO. 

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