Business Area Heads for Bonnier

On March 1, Bonnier AB will institute an organizational change, with seven subsidiary company CEOs taking on the additional roles of heading up newly created business areas.

“The reason for creating the business areas is to help increase clarity, both internally and externally,” says Jonas Bonnier, CEO for Bonnier AB. “Since the heads of the new business areas are already CEOs, we won’t need to add a new layer to the organization.”

Along with the new business areas, several board chairs for subsidiary companies will also change. Among the changes are that Torsten Larsson, long a key figure within Bonnier, will leave his post as board chair for TV4, MTV Media and Expressen.

The new business areas (see organization chart below) are divided up primarily by media type. The book operations are divided into two areas: one for the Nordic companies and one for the rest. All heads of the business areas will be part of Bonnier AB’s executive management team. The heads of the business areas as of March 1 will be:

• Casten Almqvist, CEO for the TV4 Group, will be head of the business area Broadcasting. Almqvist also will succeed Torsten Larsson as board chair for the Finnish MTV Media. At the TV4 Group, Jonas Bonnier will take over from Larsson as board chair.

• Michael Cordsen, CEO for Denmark-based Bonnier Publications, will be head of the business area Magazines and will become board chair for Sweden-based Bonnier Tidskrifter.

• Jacob Dalborg, CEO for Books Sweden, will be head of the business area Books Nordic, which will include book operations in Finland, Norway and Sweden.

• Anders Eriksson, CEO for Bonnier Business Press, will be head of the business area Business to Business, which along with the business and trade publication operations of Bonnier Business Press will also include Børsen, Denmark’s leading business newspaper.

• Gunilla Herlitz, CEO for Dagens Nyheter, will be head of the business area News Sweden, which will include Bonnier’s Swedish daily newspapers as well as printer the Bold Printing Group and Bink. As previously announced, Herlitz will become board chair for Expressen.

• Hartmut Jedicke, CEO for the German publishers Bonnier Media Deutschland, will be head of the business area Books International, which will include book operations outside the Nordic region.

• Ulrika Saxon, CEO for Bonnier Growth Media, will be head of the business area Growth Media, which will include digital media companies with a focus on global growth within the areas of publishing tools & leads, digital toys, gaming, and rights & moving images, via companies such as Mag+, Spoon, Toca Boca, Bonnier Gaming, SF Bio, Svensk Filmindustri, Sonet and Scandinavian Studios.

For further information:
Bodil Ericsson Torp, VP Communications and Human Development, tel. +46 8 736 4366