Wikipedia

Thomas Rabe (business manager)

Thomas Rabe (born August 6, 1965, in Luxembourg City) is a German business executive.[1][2] He is currently the chairman of the German sportswear brand Adidas. In 2006, he was appointed to the Bertelsmann executive board, of which he has been chairman and chief executive officer since 2012.[3][4] Under his leadership, the group has become more international, more digital and more diversified.[5][6] In particular, he has advanced the business with music rights and the educational division.[7] Additionally, Rabe was appointed chief executive officer of RTL Group in 2019.[8]

Thomas Rabe
Rabe in 2022
Born (1965-08-06) August 6, 1965 (age 59)
Luxembourg City
Alma mater
OccupationBusiness executive
Title

Early life and education

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Rabe was born in 1965 in Luxembourg and grew up in Brussels,[9][10] where his father worked as a civil servant in the European Coal and Steel Community from 1968.[11] He attended the European School and as a youth was a bass player in a punk band.[12] After completing his German baccalaureate (Abitur), Rabe studied Business and Economics at the RWTH Aachen and the University of Cologne.[13] 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.[14]

In addition to his native language German, Rabe speaks English, French, Dutch and Spanish.[15]

Career

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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.[11] One year later, he joined his supervisor in moving to the law firm Forrester, Norall & Sutton,[16] which today belongs to White & Case.[17] There he managed client accounts from the European Union, the United States and Japan.[16] In 1991, Rabe was employed by the Treuhand agency in Berlin.[18] 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.[19] In 1993, he was promoted to head of the Controlling Department.[13] Subsequently, Rabe was involved as head of acquisitions at the Beteiligungsgesellschaft Neue Länder investment agency of the Association of German Banks (BdB),[14] in investing DM 400 million in East German companies.[19] After earning his Ph.D., in 1996 Rabe was hired as office head of the CEO of the Luxembourg financial service provider, Cedel International.[16][19] He held additional positions there before being appointed chief financial officer in 1998.[20] In subsequent years, he prepared the merger of Cedel International with Deutsche Börse Clearing into Clearstream.[19]

In 2000, Rabe joined RTL Group as CFO.[14] Here, he was additionally responsible for strategy and the Luxembourg television and radio business.[21] Five years later, Bertelsmann brought him back to Gütersloh.[22][23][24] Rabe was appointed as the group's CFO on January 1, 2006.[25] At the same time, he was responsible for the Bertelsmann Music Group until 2008.[14] Among other activities, Rabe also negotiated the buyback of shares from Groupe Bruxelles Lambert to prevent Bertelsmann from going public.[12][26] In addition, the group established its own investment fund in Bertelsmann Digital Media Investments.[27] Later, Rabe organized the return of Bertelsmann into the music business.[28] 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.[2]

Around 2009 Rabe was reportedly considered as future CEO of the ProSiebenSat.1 Media group and of the Franz Haniel & Cie. investment holding,[29] but Rabe ultimately stayed with Bertelsmann.[30][31]

CEO of Bertelsmann, 2012–present

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After Hartmut Ostrowski announced his retirement as chairman and CEO in 2011,[32] Rabe was declared his successor, effective January 1, 2012.[33][34] With Rabe's appointment, Bertelsmann ushered in a strategy change towards stronger growth.[35][36][37] 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.[38][39] 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.[40][41] He built the education division into an additional pillar of the business,[42][43] which today operates as the Bertelsmann Education Group.[44] He consolidated the printing operations into the Bertelsmann Printing Group.[45] Thus, by 2016, he had expanded the number of corporate divisions to eight.[46][47]

Rabe's contract as chairman and CEO of Bertelsmann's executive board runs until 2021.[48][49] As CEO of RTL Group, he oversees the company's TV unit;[50] he is a member of the board of directors of Penguin Random House, among others.[51]

Other activities

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Corporate boards

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Non-profit boards

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  • Federation of German Industries (BDI), Member of the Presidium (2017–2018)[54]
  • Baden-Badener Unternehmer-Gespräche (BBUG), Member of the Board of Trustees[55]

Personal life

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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]

References

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  1. ^ Mance, Henry; Vasagar, Jeevan (April 27, 2014). "Thomas Rabe, Bertelsmann CEO: From punk rock to family values". Financial Times.
  2. ^ a b "Thomas Rabe: Der Visionär mit der Bassgitarre". Handelsblatt (in German). October 10, 2011. Retrieved January 16, 2017.
  3. ^ "Thomas Rabe wird Bertelsmann-Finanzvorstand". Börsen-Zeitung (in German). January 22, 2005.
  4. ^ "Thomas Rabe wird neuer Bertelsmann-Chef". Hamburger Abendblatt (in German). October 11, 2011.
  5. ^ "Die neue Strategie des Medienkonzerns". Handelsblatt (in German). March 29, 2012.
  6. ^ "Bertelsmann stellt sich breiter auf". Der Tagesspiegel (in German). March 23, 2016.
  7. ^ "Halbzeit bei Bertelsmann". Neue Zürcher Zeitung (in German). April 1, 2015.
  8. ^ Hein, David (April 1, 2019). "Thomas Rabe wird CEO der RTL Group" (in German). Retrieved April 1, 2019.
  9. ^ "Schlanker, schneller, fitter". Neue Westfälische (in German). December 28, 2011.
  10. ^ "Der Nachfolger". Westfalen-Blatt (in German). October 11, 2011.
  11. ^ a b "Ruhig und nüchtern an die Arbeit gehen". Neue Westfälische (in German). December 29, 2005.
  12. ^ a b Ankenbrand, Hendrik (April 28, 2012). "Der Überflieger". Faz.net (in German). Retrieved January 16, 2017.
  13. ^ a b "Thomas Rabe". Internationales Biographisches Archiv (in German). Munzinger. February 10, 2015. Retrieved February 17, 2017.
  14. ^ a b c d "Thomas Rabe, Chairman and Chief Executive Officer of Bertelsmann". Bertelsmann. Retrieved January 16, 2017.
  15. ^ "Der Spätberufene". Financial Times Deutschland (in German). October 11, 2011.
  16. ^ a b c "Blitzkarriere". Börsen-Zeitung (in German). August 3, 2006.
  17. ^ "White & Case links with Brussels boutique". International Financial Law Review. January 1, 1998. Retrieved January 16, 2017.
  18. ^ "Nicht bummeln!". Manager Magazin (in German). December 14, 2012.
  19. ^ a b c d "Der Wechselwillige". Die Zeit (in German). July 9, 2009.
  20. ^ "Zwei Ernennungen bei Cedel International". Börsen-Zeitung (in German). November 13, 1998.
  21. ^ "Der kickende Tandemfahrer". Handelsblatt (in German). September 12, 2003.
  22. ^ "Bertelsmann holt Finanzchef von RTL". Financial Times Deutschland (in German). January 20, 2005.
  23. ^ "Mittelfeldspieler mit Ambitionen". Neue Westfälische (in German). January 20, 2005.
  24. ^ "Aufbruch nach Gütersloh". Handelsblatt (in German). January 21, 2005.
  25. ^ "Eine erstklassige Besetzung". Neue Westfälische (in German). January 22, 2005.
  26. ^ "Bertelsmann verhindert eigenen Börsengang". Der Tagesspiegel (in German). May 25, 2006. Retrieved January 16, 2017.
  27. ^ "Bertelsmann wird Finanzinvestor". Financial Times Deutschland (in German). March 21, 2007.
  28. ^ "Bertelsmann kehrt zurück ins Musikgeschäft". Die Welt (in German). July 8, 2009. Retrieved January 16, 2017.
  29. ^ "Dünne Luft". WirtschaftsWoche (in German). June 15, 2009.
  30. ^ Ritter, Johannes (January 22, 2011). "Der scharf rechnende Musiker bleibt bei Bertelsmann". Faz.net (in German). Retrieved January 16, 2017.
  31. ^ "Ich bin nicht auf der Durchreise". Die Zeit (in German). February 20, 2014. Retrieved January 16, 2017.
  32. ^ "Ostrowski macht Platz". Neue Westfälische (in German). October 11, 2011.
  33. ^ "Bertelsmann tauscht den Chef aus". Handelsblatt (in German). October 11, 2011.
  34. ^ "Voll auf Angriff". Der Spiegel (in German). October 17, 2011. Retrieved January 17, 2017.
  35. ^ "Thomas Rabe sucht das Filet". Die Zeit (in German). September 6, 2012.
  36. ^ "Zurück zu alter Größe". Horizont (in German). October 13, 2011.
  37. ^ "Der Hoffnungsträger". Welt am Sonntag (in German). October 16, 2011.
  38. ^ "Globales Wachstum als Ziel". Westfalen-Blatt (in German). February 13, 2012.
  39. ^ "Shobhna Mohn sorgt für Wachstum". Neue Westfälische (in German). December 3, 2016.
  40. ^ "Bertelsmann schmiedet weltgrößten Buchverlag". Spiegel Online (in German). October 29, 2012. Retrieved January 16, 2017.
  41. ^ "Bertelsmann übernimmt Gruner + Jahr komplett". Die Welt (in German). October 7, 2014.
  42. ^ "Bertelsmann setzt auf Bildung". Die Welt (in German). March 26, 2014. Retrieved January 16, 2017.
  43. ^ "Wir haben zu lange auf strukturell rückläufige Geschäfte gesetzt". Spiegel Online (in German). November 6, 2015. Retrieved January 16, 2017.
  44. ^ "Bertelsmann Education Group bündelt Bildungsgeschäfte". Börsenblatt (in German). September 10, 2015. Retrieved January 16, 2017.
  45. ^ "Bertelsmann vereinigt seine Drucksparte". Deutscher Drucker (in German). November 12, 2015.
  46. ^ "Bertelsmann sortiert sich neu". Handelsblatt (in German). March 23, 2016.
  47. ^ "Bertelsmann: Endlich wieder fit?". Die Zeit (in German). July 7, 2016. Retrieved January 16, 2017.
  48. ^ "Vertragsverlängerung für den Bertelsmann-Chef". Hannoversche Allgemeine Zeitung (in German). January 11, 2016.
  49. ^ "Thomas Rabe führt Bertelsmann bis 2021". Rheinische Post (in German). January 27, 2016.
  50. ^ a b "Board of Directors". RTL Group. Retrieved April 1, 2019.
  51. ^ "Board of Directors". Penguin Random House. Retrieved January 16, 2017.
  52. ^ "Adidas chairman Thomas Rabe re-elected until 2025". Reuters. May 16, 2024. Retrieved August 3, 2024.
  53. ^ "Bertelsmann-Chef Rabe gibt Vorsitz in Symrise-Aufsichtsrat ab". Handelsblatt (in German). April 26, 2019. Retrieved March 23, 2020.
  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.
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