Bertelsmann executive set to join BC Partners(3)

Ewald Walgenbach, a senior executive at German media group Bertelsmann, is in talks to join European buyout firm BC Partners.

Ewald Walgenbach, the head of Bertelsmann’s Direct-Group unit, is in talks to join European buyout firm BC Partners, having decided to resign from the German media group by the end of the year.

Bertelsmann’s spokesman said: “He is in talks with BC Partners and he will leave Bertelsmann at the end of the year.” The Direct Group sells CDs and books on the internet and via shops.

Walgenbach had been a contender to run Bertelsmann following the departure of Gunter Thielen, but the chief executive job went instead to Hartmut Ostrowski in January this year.

BC Partners declined to comment.