Boston, Philly Mag Owner Brings in New CEO to Navigate Pandemic | People on the Move

David Lipson, third-generation owner of Boston and Philadelphia magazine publisher Metro Corp., is stepping down as CEO and bringing in management consultant Nick Fischer to run the company through the COVID-19 pandemic and beyond, staffers learned this week. Fischer currently serves as managing partner at Calidus Inc., a middle-market consulting firm he co-founded, which Lipson says Metro Corp. had contracted for financial planning and analysis prior to the pandemic. In the past, Fischer has served as CFO of the retail chain Betteridge Jewelers, director of finance at Nordstrom and senior manager, FP&A at Capital One. "[Fischer] will be bringing to the company financial and operational expertise that we need to navigate our way through this pandemic and emerge with a sustainable business model," Lipson tells Folio: via email. [caption id="attachment_180159" align="alignright" width="150"] David Lipson[/caption] The change marks the first time in over 70 years that a member of the Lipson family will not run day-to-day operations at Philadelphia magazine, which was first acquired by Lipson's grandfather, S. Arthur Lipson, in 1946. The family business evolved into Metro Corp. after adding Boston magazine in 1970. Apart from the management change, Lipson says both Boston and Philadelphia will reduce their print frequency to 10 issues per year, and that both magazines will be implementing a digital paywall (Philadelphia's will debut in June, Boston's in January), selling... Continue reading at 'Folio Magazine'

[ Folio Magazine | 2020-04-29 22:35:01 UTC ]
News tagged with: #human resources #havas media #capitol hill #atlantic media #government executive #national journal #associate publisher #magazine publisher

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