December 24, 2008 / 2:10 PM / 11 years ago

Gruner+Jahr CEO quits Bertelsmann board

FRANKFURT, Dec 24 (Reuters) - The head of Europe’s largest publisher and printing company Gruner+Jahr (G+J) resigned from the board of parent company Bertelsmann [BERT.UL] with immediate effect, the German media conglomerate said on Wednesday.

Bertelsmann said Bernd Kundrun had informed the supervisory board of his resignation on Tuesday evening.

A Bertelsmann spokesman declined to comment on whether Kundrun’s resignation would have consequences for his position as chief executive of Gruner+Jahr.

A spokesman for G+J also declined to comment.

“The supervisory board has taken note of Kundrun’s personal decision and will comment in due course,” Bertelsmann said.

The media group owns European broadcaster RTL Group AUDK.LU, publishers Random House and Gruner+Jahr as well as the book club division Direct Group and services unit Arvato.

Kundrun, 51, has spent his entire career at Bertelsmann and took over the top job at Gruner+Jahr in November 2000.

G+J, known for its flagship weekly Stern and the women’s magazine Brigitte, last year reported sales of 2.83 billion euros ($3.96 billion) and an operating profit of 264 million euros.

Reporting by Nicola Leske; Editing by Erica Billingham

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