Spanish-language publisher Random House Mondadori has been renamed Penguin Random House Grupo Editorial, encompassing the Spanish-language publishing company of the newly formed Penguin Random House. The company will continue to be headed by Núria Cabutí, CEO since 2010, and will maintain its current organizational structure across divisions in Spain and Latin America. In addition, the company's Mondadori imprint will be renamed Literatura Random House.
The name change incorporates two major corporate initiatives undertaken in the past 12 months: parent company Bertelsmann's 2012 acquisition of full ownership of Random House Mondadori from previous joint-venture partner Mondadori, and the formation of Penguin Random House in July.
In announcing the company’s name change Núria Cabutí said, “Today we begin our life as Penguin Random House Grupo Editorial, bringing with us the fantastic legacy of our history in Spanish-language publishing and the pride of being part of the first truly global trade publishing company. We will continue to publish with passion a wide array of authors, and our priority will be to continue to grow as both a print and digital publisher. Connecting authors and readers remains our essential mandate.”