Jonathan Karp will remain as president and CEO of Simon & Schuster after its sale to private investment giant KKR. After the all-cash agreement closes, Simon & Schuster will become a standalone private company with Jonathan Karp, president and CEO, and Dennis Eulau, COO and CFO, still at the helm. Karp told The Times on Monday that he thinks the deal is a "very exciting new chapter for book publishing." "KKR's support and strategic guidance can make us even greater as a publishing company," Karp said. Nawotka noted KKR's history with book publishing.

Source: Los Angeles Times August 08, 2023 12:36 UTC