NTL: Thomas Coesfeld appointed CFO of BMG effective April 2021
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Thomas Coesfeld will join the international music company BMG as Deputy Chief Financial Officer (CFO) with effect from October 15, 2020. As of April 1, 2021, he will assume the position of CFO and member of the Executive Team, succeeding Maximilian Dressendörfer, who will take on new responsibilities within Bertelsmann. Thomas Coesfeld is currently a member of the Executive Committee of the Bertelsmann Printing Group, and Chief Strategy Officer (CSO) at Mohn Media in Gütersloh. His responsibilities as the new CFO of BMG include finance, taxes and controlling. Thomas Coesfeld will report to Hartwig Masuch, Chief Executive Officer (CEO) of BMG, and additionally to Bertelsmann CFO Bernd Hirsch.
Hartwig Masuch, CEO of BMG, commented: “I very much look forward to working closely with Thomas Coesfeld. Thomas has demonstrated great entrepreneurial skills in his previous positions. Moreover, he has already worked for BMG during his time in the Bertelsmann Entrepreneurs Program. I am convinced that Thomas, with his strategic perspective and strong customer focus, is the ideal candidate for the CFO position at BMG as we continue our growth path with a strong focus on the needs of artists and songwriters. At the same time, I would like to thank Maximilian Dressendörfer, with whom I have been building BMG for more than ten years. Max was instrumental in our successful development from start-up in 2008 to becoming the world’s fourth largest music company. I wish him all the best for his future.”
Bernd Hirsch, Bertelsmann's Chief Financial Officer, said: "As a strategic growth platform, BMG is very important to Bertelsmann's business development. I would like to welcome Thomas Coesfeld to Bertelsmann's finance community, and look forward to working with him.“
After studying business administration in Vallendar, Washington, and Atlanta, Thomas Coesfeld began his career in 2014 as a management consultant at McKinsey in Munich, where he gained experience in sales and strategy with a focus on the insurance, logistics, and automotive industries. He joined Bertelsmann at the beginning of 2016 and initially spent a year working for various subsidiaries of the Group – including the growth platforms BMG and Relias in the U.S. – as part of the Bertelsmann Entrepreneurs Program (BEP). He then moved to Mohn Media in early 2017. In November 2018, Thomas Coesfeld was appointed CSO of Mohn Media, joining the company's management team. In June 2019, he was additionally appointed to the Bertelsmann Printing Group's management board in the same capacity.
September 18, 2020 10:40am ET by Pressparty