Thomas Rabe (manager)

Last updated

Thomas Rabe (2015) Thomas Rabe 2015-1.jpg
Thomas Rabe (2015)

Thomas Rabe (born August 6, 1965, in Luxembourg) is a German manager. [1] In 2006, he was appointed to the Bertelsmann executive board, of which he has been chairman and chief executive officer since 2012. [2] [3] Under his leadership, the Group has become more international, more digital and more diversified. [4] [5] In particular, he has advanced the business with music rights and the educational division. [6] Additionally, Rabe was appointed chief executive officer of RTL Group in 2019. [7]

Luxembourg Grand duchy in western Europe

Luxembourg, officially the Grand Duchy of Luxembourg, is a small landlocked country in western Europe. It is bordered by Belgium to the west and north, Germany to the east, and France to the south. Its capital, Luxembourg City, is one of the three official capitals of the European Union and the seat of the European Court of Justice, the highest judicial authority in the EU. Its culture, people, and languages are highly intertwined with its neighbours, making it essentially a mixture of French and German cultures, as evident by the nation's three official languages: French, German, and the national language, Luxembourgish. The repeated invasions by Germany, especially in World War II, resulted in the country's strong will for mediation between France and Germany and, among other things, led to the foundation of the European Union.

Germany Federal parliamentary republic in central-western Europe

Germany, officially the Federal Republic of Germany, is a country in Central and Western Europe, lying between the Baltic and North Seas to the north, and the Alps, Lake Constance and the High Rhine to the south. It borders Denmark to the north, Poland and the Czech Republic to the east, Austria and Switzerland to the south, France to the southwest, and Luxembourg, Belgium and the Netherlands to the west.

Management Coordinating the efforts of people

Management is the administration of an organization, whether it is a business, a not-for-profit organization, or government body. Management includes the activities of setting the strategy of an organization and coordinating the efforts of its employees to accomplish its objectives through the application of available resources, such as financial, natural, technological, and human resources. The term "management" may also refer to those people who manage an organization.

Contents

Early life and education

Rabe was born in 1965 in Luxembourg and grew up in Brussels, [8] [9] where his father worked as a civil servant in the European Coal and Steel Community from 1968. [10] He attended the European School and as a youth was a bass player in a punk band. [11] After completing his German baccalaureate (Abitur), Rabe studied Business and Economics at the RWTH Aachen and the University of Cologne. [12] After earning a degree in business administration in 1989, he obtained his doctorate in economics, with a doctoral thesis on "Liberalization and Deregulation in the European Single Market for Insurance" in 1995. [13]

Brussels Capital region of Belgium

Brussels, officially the Brussels-Capital Region, is a region of Belgium comprising 19 municipalities, including the City of Brussels, which is the capital of Belgium. The Brussels-Capital Region is located in the central portion of the country and is a part of both the French Community of Belgium and the Flemish Community, but is separate from the Flemish Region and the Walloon Region. Brussels is the most densely populated and the richest region in Belgium in terms of GDP per capita. It covers 161 km2 (62 sq mi), a relatively small area compared to the two other regions, and has a population of 1.2 million. The metropolitan area of Brussels counts over 2.1 million people, which makes it the largest in Belgium. It is also part of a large conurbation extending towards Ghent, Antwerp, Leuven and Walloon Brabant, home to over 5 million people.

European Coal and Steel Community international organisation serving to unify European countries after World War II

The European Coal and Steel Community (ECSC) was an organisation of six European countries created after World War II to regulate their industrial production under a centralised authority. It was formally established in 1951 by the Treaty of Paris, signed by Belgium, France, Italy, Luxembourg, the Netherlands, and West Germany. The ECSC was the first international organisation to be based on the principles of supranationalism, and started the process of formal integration which ultimately led to the European Union.

European School of Brussels I

The European School, Brussels I is a European School located in Uccle, Brussels, Belgium. Originally the second of the European Schools to be founded, the European School, Brussels I, is today one of four in Brussels, and thirteen such schools across the European Union (EU). It is an all-through school, which exists primarily to provide an education to children of EU staff and officials based in Brussels leading to the European Baccalaureate (EB) - a bilingual diploma - as their secondary leaving qualification.

In addition to his native language German, Rabe speaks English, French, Dutch and Spanish. [14]

Career

Rabe began his career at the European Commission in Brussels. At the Commission, from 1989 he worked in the Directorate-General for Financial Institutions and Corporate Law. [10] One year later, he joined his supervisor in moving to the law firm Forrester, Norall & Sutton, [15] which today belongs to White & Case. [16] There he managed client accounts from the European Union, the United States and Japan. [15] In 1991, Rabe was employed by the Treuhand agency in Berlin. [17] In this capacity, among other responsibilities, he was in charge of the privatization of the assets of the Ministry for State Security and the National People's Army of the former GDR. [18] In 1993, he was promoted to head of the Controlling Department. [12] Subsequently, Rabe was involved as head of acquisitions at the Beteiligungsgesellschaft Neue Länder investment agency of the Association of German Banks (BdB), [13] in investing DM 400 million in East German companies. [18] After earning his Ph.D., in 1996 Rabe was hired as office head of the CEO of the Luxembourg financial service provider, Cedel International. [15] [18] He held additional positions there before being appointed chief financial officer in 1998. [19] In subsequent years, he prepared the merger of Cedel International with Deutsche Börse Clearing into Clearstream. [18]

European Commission executive institution of the European Union

The European Commission (EC) is an institution of the European Union, responsible for proposing legislation, implementing decisions, upholding the EU treaties and managing the day-to-day business of the EU. Commissioners swear an oath at the European Court of Justice in Luxembourg City, pledging to respect the treaties and to be completely independent in carrying out their duties during their mandate. Unlike in the Council of the European Union, where members are directly and indirectly elected, and the European Parliament, where members are directly elected, the Commissioners are proposed by the Council of the European Union, on the basis of suggestions made by the national governments, and then appointed by the European Council after the approval of the European Parliament.

Directorate-General for Financial Stability, Financial Services and Capital Markets Union

The Directorate-General for Financial Stability, Financial Services and Capital Markets Union is a Directorate-General of the European Commission. It is one of the thirty three DG's that are created and named to reflect their functions.

White & Case LLP is an international law firm based in New York City. The firm was founded in New York in 1901.

In 2000, Rabe joined RTL Group as CFO. [13] Here, he was additionally responsible for strategy and the Luxembourg television and radio business. [20] Five years later, Bertelsmann brought him back to Gütersloh. [21] [22] [23] Rabe was appointed as the Group's CFO on January 1, 2006. [24] At the same time, he was responsible for the Bertelsmann Music Group until 2008. [13] Among other activities, Rabe also negotiated the buyback of shares from Groupe Bruxelles Lambert to prevent Bertelsmann from going public. [11] [25] In addition, the Group established its own investment fund in Bertelsmann Digital Media Investments. [26] Later, Rabe organized the return of Bertelsmann into the music business. [27] His recruitment of Kohlberg Kravis Roberts & Co. as an investor in BMG Rights Management was seen as a key decision for the music company's future development. [1]

RTL Group entertainment company

RTL Group is a Luxembourg-based digital media group with interests in 61 television and 30 radio stations in 10 countries. The group operates TV channels and radio stations in Germany, France, Belgium, the Netherlands, Luxembourg, Switzerland, Spain, Hungary, and Croatia as well as production companies throughout the world. It is majority-owned by German media conglomerate Bertelsmann. Its shares are quoted on the MDAX stock exchange in Germany.

The chief financial officer (CFO) is the officer of a company that has primary responsibility for managing the company's finances, including financial planning, management of financial risks, record-keeping, and financial reporting. In some sectors, the CFO is also responsible for analysis of data. Some CFOs have the title CFOO for chief financial and operating officer. In the United Kingdom, the typical term for a CFO is finance director (FD). The CFO typically reports to the chief executive officer (CEO) and the board of directors and may additionally have a seat on the board. The CFO supervises the finance unit and is the chief financial spokesperson for the organization. The CFO directly assists the chief operating officer (COO) on all strategic and tactical matters relating to budget management, cost–benefit analysis, forecasting needs, and securing of new funding.

Bertelsmann Music Group record label company

Bertelsmann Music Group was a division of German media company Bertelsmann before its completion of sale of the majority of its assets to Japan's Sony Corporation of America on 1 October 2008. Although it was established in 1987, the music company was formed as RCA/Ariola International in 1984 as a joint venture to combine the music label activities of RCA Corporation's RCA Records division and Bertelsmann's Ariola Records and its associated labels which include Arista Records. It consisted of the BMG Music Publishing company, the world's third largest music publisher and the world's largest independent music publisher, and the 50% share of the joint venture with Sony Music Entertainment, which established the German American Sony BMG Music Entertainment from 2004 to 2008.

Around 2009 Rabe was reportedly considered as future CEO of the ProSiebenSat.1 Media group and of the Franz Haniel & Cie. investment holding, [28] but Rabe ultimately stayed with Bertelsmann. [29] [30]

Chief executive officer highest-ranking corporate officer or administrator

The chief executive officer (CEO) or just chief executive (CE), is the most senior corporate, executive, or administrative officer in charge of managing an organization – especially an independent legal entity such as a company or nonprofit institution. CEOs lead a range of organizations, including public and private corporations, non-profit organizations and even some government organizations. The CEO of a corporation or company typically reports to the board of directors and is charged with maximizing the value of the entity, which may include maximizing the share price, market share, revenues or another element. In the non-profit and government sector, CEOs typically aim at achieving outcomes related to the organization's mission, such as reducing poverty, increasing literacy, etc.

ProSiebenSat.1 Media German mass media company

ProSiebenSat.1 Media SE is a European mass media company, based in Germany. It operates free-to-air commercial TV channels, pay television channels, radio stations and related print businesses. It was formed on October 2, 2000 by the merger of German TV broadcasters ProSieben Media AG and Sat.1 SatellitenFernsehen GmbH. The company is listed on the Frankfurt Stock Exchange.

Franz Haniel & Cie. GmbH is a German family-owned group of companies with the holding company headquartered in Duisburg, Germany. Haniel was founded in 1756 in the city of Ruhrort, now Duisburg. Today the company is one of Europe's largest privately owned family businesses. The Haniel family consists of more than 600 family members and is considered as one of the wealthiest families in Germany.

CEO of Bertelsmann, 2012–present

After Hartmut Ostrowski announced his retirement as chairman and CEO in 2011, [31] Rabe was declared his successor, effective January 1, 2012. [32] [33] With Rabe's appointment, Bertelsmann ushered in a strategy change towards stronger growth. [34] [35] [36] Under his leadership, Bertelsmann experienced increased growth into Brazil, China, and India, and consolidated this development by bundling these activities in the Bertelsmann Investments division. [37] [38] Also, Rabe managed to complete the merger of Penguin Books with Random House to create the world's largest trade book publisher, and the purchase of the remaining shares in Gruner + Jahr. [39] [40] He built the education division into an additional pillar of the business, [41] [42] which today operates as the Bertelsmann Education Group. [43] He consolidated the printing operations into the Bertelsmann Printing Group. [44] Thus, by 2016, he had expanded the number of corporate divisions to eight. [45] [46]

Rabe's contract as chairman and CEO of Bertelsmann's executive board runs until 2021. [47] [48] As CEO of RTL Group, he oversees the company's TV unit; [49] he is a member of the board of directors of Penguin Random House, among others. [50]

Other activities

Corporate boards
Non-profit boards

Personal life

Rabe lives in Gütersloh and Berlin and is married to a neurologist. [56] [57] The couple collects modern art and, in 2015, purchased a Henry van de Velde-designed villa in Tervuren near Brussels. [58]

Rabe is a member of the Catholic fraternity AV Hansea-Berlin zu Köln. [59]

Related Research Articles

Thomas Middelhoff German businessman

Thomas Middelhoff is a German retired corporate manager. He was on the board of directors of Bertelsmann from 1990–2002, being CEO from 1998. From 2004 to March 2009, Middelhoff was chairman of the supervisory board of Arcandor, and CEO of the company.

Aart Jan de Geus Chairman and CEO of the Bertelsmann Stiftung

Aart Jan de Geus is a retired Dutch politician of the Christian Democratic Appeal (CDA) party and businessman. He is the chairman and CEO of the Bertelsmann Stiftung since 5 Augustus 2012 and the chairman of the supervisory board of the Triodos Bank since 5 May 2014.

Hubert Burda Media publisher

Hubert Burda Media Holding is a German media group with headquarters in Offenburg. It originated as a small printing business, founded by Franz Burda Snr in Philippsburg, in 1903.

Joe Kaeser German businessman

Joe Kaeser , is the current CEO of Siemens AG, Berlin & Munich, a role he has been in since August 1, 2013.

Bertelsmann Stiftung independent foundation under private law

The Bertelsmann Stiftung is an independent foundation under private law, based in Gütersloh, Germany. It was founded in 1977 by Reinhard Mohn as the result of social, corporate and fiscal considerations. As the Bertelsmann Stiftung itself has put it, the foundation promotes "reform processes" and "the principles of entrepreneurial activity" to build a "future-oriented society."

Arvato German global services company; division of Bertelsmann AG

Arvato is a global services company headquartered in Gütersloh, Germany. Its services include customer support, information technology, logistics, and finance. The history of Arvato goes back to the printing and industry services division of Bertelsmann; the current name was introduced in 1999. Today, Arvato is one of eight divisions of Bertelsmann, the media, services and education group. In 2016, Arvato had about 68,463 employees and an overall turnover of 3.84 billion euros.

Philipp Rösler German centrist politician and combat-trained medic

Philipp Rösler, is a German medical doctor and former politician who served as Federal Minister of Economics and Technology and Vice Chancellor of Germany from 2011 to 2013.

BMG Rights Management international music company

BMG Rights Management (BMG) is an international music company based in Berlin, Germany. It combines the activities of a music publisher and a record label.

Liz Mohn German businesswoman and benefactor

Elisabeth Mohn is a German billionaire businesswoman and philanthropist.

Comdirect German direct bank

Comdirect bank AG is the third-largest German direct bank and is based in Quickborn, Schleswig-Holstein. Founded by the Commerzbank in 1994, the company went public in 2000. The Commerzbank is still the majority shareholder.

Edgar Berger German music manager

Edgar Berger is a German music manager and former journalist. From 2011 to 2017, he held the position of chairman and CEO international of Sony Music Entertainment, responsible for business outside the United States, before being replaced by Rob Stringer. Previously, Berger worked for Bertelsmann, RTL and Roland Berger Strategy Consultants. He has been on the board of the German Music Industry Association.

Bertelsmann Printing Group German group of printing companies

The Bertelsmann Printing Group is a German group of companies in the printing industry with headquarters in Gütersloh, North Rhine-Westphalia. It was established in 2016 and is the market leader in Europe among offset and gravure printing companies. The Bertelsmann Printing Group is one of eight divisions of Bertelsmann, the international media, service and education conglomerate.

Jörg Dräger German physicists, politician and manager

Jörg Dräger is a German physicist, politician and manager. From 2001 to 2008 he served as a senator in the Hamburg state government. Since 2008 he has been a member of the Bertelsmann Stiftung Executive Board where he is responsible for the areas of education and integration. He is considered a leading education expert and is the author of numerous books on education policy, including the impacts of digitization.

Neue Stimmen is an international singing competition. Initiated by Liz Mohn, it was launched in 1987 to provide support for young opera singers. It is considered an important forum for new talent, one that has marked the beginning of international careers for many participants. The competition is organized every two years by the Bertelsmann Stiftung in Gütersloh. It is one of the foundation’s oldest projects.

Anke Schäferkordt is a German businessperson. She was CEO of the RTL Group, a position she held until 2017. Besides that, she won the International Emmy Award for Directorate Award in 2013.

Martin Zielke German bank manager

Martin Zielke is a German bank manager. He serves as chief executive officer and chairman of the board of managing directors of Commerzbank.

Brigitte Mohn German political scientist, shareholder and shareholder

Brigitte Mohn is a German entrepreneur and a member of the Mohn family that has a significant influence on Bertelsmann group and the Bertelsmann Stiftung. Mohn is also chairwoman of the German Stroke Foundation's executive board.

Reinhard Mohn Prize internationally renowned award of the Bertelsmann Stiftung

The Reinhard Mohn Prize has been awarded by the Bertelsmann Stiftung since 2011. It recognizes internationally renowned individuals for their forward-looking solutions to social and political challenges. Given in memory of Reinhard Mohn, who died in 2009, it succeeds the Carl Bertelsmann Prize, which was awarded from 1988 to 2008.

Volksbank Bielefeld-Gütersloh

The Volksbank Bielefeld-Gütersloh eG is a regional cooperative bank based in the East Westphalian district town of Gütersloh. With a balance sheet total of € 4.18 billion, it is the third-largest Volksbank in North Rhine-Westphalia and, with 108,107 members, the largest association of individuals in the Ostwestfalen-Lippe region. The bank emerged from the merger of the Volksbank Gütersloh with the smaller Bielefelder Volksbank on May 22, 2014.

References

  1. 1 2 "Thomas Rabe: Der Visionär mit der Bassgitarre". Handelsblatt (in German). October 10, 2011. Retrieved January 16, 2017.
  2. "Thomas Rabe wird Bertelsmann-Finanzvorstand". Börsen-Zeitung (in German). January 22, 2005.
  3. "Thomas Rabe wird neuer Bertelsmann-Chef". Hamburger Abendblatt (in German). October 11, 2011.
  4. "Die neue Strategie des Medienkonzerns". Handelsblatt (in German). March 29, 2012.
  5. "Bertelsmann stellt sich breiter auf". Der Tagesspiegel (in German). March 23, 2016.
  6. "Halbzeit bei Bertelsmann". Neue Zürcher Zeitung (in German). April 1, 2015.
  7. Hein, David (April 1, 2019). "Thomas Rabe wird CEO der RTL Group" (in German). Retrieved April 1, 2019.
  8. "Schlanker, schneller, fitter". Neue Westfälische (in German). December 28, 2011.
  9. "Der Nachfolger". Westfalen-Blatt (in German). October 11, 2011.
  10. 1 2 "Ruhig und nüchtern an die Arbeit gehen". Neue Westfälische (in German). December 29, 2005.
  11. 1 2 "Der Überflieger". Frankfurter Allgemeine Zeitung (in German). April 28, 2012. Retrieved January 16, 2017.
  12. 1 2 "Thomas Rabe". Internationales Biographisches Archiv (in German). Munzinger. February 10, 2015. Retrieved February 17, 2017.
  13. 1 2 3 4 "Thomas Rabe, Chairman and Chief Executive Officer of Bertelsmann". Bertelsmann. Retrieved January 16, 2017.
  14. "Der Spätberufene". Financial Times Deutschland (in German). October 11, 2011.
  15. 1 2 3 "Blitzkarriere". Börsen-Zeitung (in German). August 3, 2006.
  16. "White & Case links with Brussels boutique". International Financial Law Review. January 1, 1998. Retrieved January 16, 2017.
  17. "Nicht bummeln!". Manager Magazin (in German). December 14, 2012.
  18. 1 2 3 4 "Der Wechselwillige". Die Zeit (in German). July 9, 2009.
  19. "Zwei Ernennungen bei Cedel International". Börsen-Zeitung (in German). November 13, 1998.
  20. "Der kickende Tandemfahrer". Handelsblatt (in German). September 12, 2003.
  21. "Bertelsmann holt Finanzchef von RTL". Financial Times Deutschland (in German). January 20, 2005.
  22. "Mittelfeldspieler mit Ambitionen". Neue Westfälische (in German). January 20, 2005.
  23. "Aufbruch nach Gütersloh". Handelsblatt (in German). January 21, 2005.
  24. "Eine erstklassige Besetzung". Neue Westfälische (in German). January 22, 2005.
  25. "Bertelsmann verhindert eigenen Börsengang". Der Tagesspiegel (in German). May 25, 2006. Retrieved January 16, 2017.
  26. "Bertelsmann wird Finanzinvestor". Financial Times Deutschland (in German). March 21, 2007.
  27. "Bertelsmann kehrt zurück ins Musikgeschäft". Die Welt (in German). July 8, 2009. Retrieved January 16, 2017.
  28. "Dünne Luft". WirtschaftsWoche (in German). June 15, 2009.
  29. "Der scharf rechnende Musiker bleibt bei Bertelsmann". Frankfurter Allgemeine Zeitung (in German). January 22, 2011. Retrieved January 16, 2017.
  30. "Ich bin nicht auf der Durchreise". Die Zeit (in German). February 20, 2014. Retrieved January 16, 2017.
  31. "Ostrowski macht Platz". Neue Westfälische (in German). October 11, 2011.
  32. "Bertelsmann tauscht den Chef aus". Handelsblatt (in German). October 11, 2011.
  33. "Voll auf Angriff". Der Spiegel (in German). October 17, 2011. Retrieved January 17, 2017.
  34. "Thomas Rabe sucht das Filet". Die Zeit (in German). September 6, 2012.
  35. "Zurück zu alter Größe". Horizont (in German). October 13, 2011.
  36. "Der Hoffnungsträger". Welt am Sonntag (in German). October 16, 2011.
  37. "Globales Wachstum als Ziel". Westfalen-Blatt (in German). February 13, 2012.
  38. "Shobhna Mohn sorgt für Wachstum". Neue Westfälische (in German). December 3, 2016.
  39. "Bertelsmann schmiedet weltgrößten Buchverlag". Spiegel Online (in German). October 29, 2012. Retrieved January 16, 2017.
  40. "Bertelsmann übernimmt Gruner + Jahr komplett". Die Welt (in German). October 7, 2014.
  41. "Bertelsmann setzt auf Bildung". Die Welt (in German). March 26, 2014. Retrieved January 16, 2017.
  42. "Wir haben zu lange auf strukturell rückläufige Geschäfte gesetzt". Spiegel Online (in German). November 6, 2015. Retrieved January 16, 2017.
  43. "Bertelsmann Education Group bündelt Bildungsgeschäfte". Börsenblatt (in German). September 10, 2015. Retrieved January 16, 2017.
  44. "Bertelsmann vereinigt seine Drucksparte". Deutscher Drucker (in German). November 12, 2015.
  45. "Bertelsmann sortiert sich neu". Handelsblatt (in German). March 23, 2016.
  46. "Bertelsmann: Endlich wieder fit?". Die Zeit (in German). July 7, 2016. Retrieved January 16, 2017.
  47. "Vertragsverlängerung für den Bertelsmann-Chef". Hannoversche Allgemeine Zeitung (in German). January 11, 2016.
  48. "Thomas Rabe führt Bertelsmann bis 2021". Rheinische Post (in German). January 27, 2016.
  49. 1 2 "Board of Directors". RTL Group. Retrieved April 1, 2019.
  50. "Board of Directors". Penguin Random House. Retrieved January 16, 2017.
  51. Kasper Rorsted Resigns from Bertelsmann Supervisory Board Bertelsmann, press release of March 19, 2019.
  52. "Aufsichtsrat" (in German). Symrise. Retrieved January 16, 2017.
  53. "Bertelsmann setzt Duftmarke". Handelsblatt (in German). January 27, 2016.
  54. "Presidium" (in German). Federation of German Industries (BDI). Retrieved April 1, 2019.
  55. "Board of Trustees" (in German). Baden-Badener Unternehmer-Gespräche (BBUG). Retrieved April 1, 2019.
  56. "Punk à la Gütersloh". WirtschaftsWoche (in German). October 17, 2011.
  57. "Gütersloh reloaded". Manager Magazin (in German). November 18, 2011.
  58. Jan Hauser (December 9, 2018), Birgit und Thomas Rabe helfen der Bauhaus-Universität in Weimar  Frankfurter Allgemeine Zeitung .
  59. Gesamtverzeichnis des Cartellverbands der katholischen deutschen Studentenverbindungen (in German). 2015.