NEW YORK — Two top editors at Penguin Random House are leaving as the country’s leading trading publisher continues to transform during a period of uncertain revenues and generational change.
The book market has softened since early in the pandemic, when sales surged amid shutdowns in the entertainment industry and beyond. In a year-end company letter sent in December 2023, Penguin Random House CEO Nihar Malaviya referred to “very difficult and challenging” changes facing the company. On Monday, Knopf Doubleday publisher Maya Mavjee said the latest “realignment” was “necessary for our future growth.
Jordan Pavlin, currently Knopf’s editor in chief, will now also serve as publisher. At Pantheon, vice president-editorial director Denise Oswald will report to the publisher of Doubleday, Bill Thomas.