Time Warner Inc. has named Joseph Ripp the next CEO of Time Inc., resolving one big question as the publishing unit prepares to strike out on its own but surprising observers who had bet on another candidate.Mr. Ripp is CEO of OneSource Information Services, a business information provider. He previously held a series of posts at Time Warner and Time Inc., which he joined in 1985, including senior VP, CFO and treasurer at Time Inc.; exec VP and CFO at Time Warner; and vice chairman of America Online. His appointment is effective in September."Joe is a seasoned executive who has been immersed in the intersection of digital, advertising and publishing for the past decade," Time Warner CEO Jeff Bewkes said in a statement. "He is respected as a strategic leader who has delivered financial results throughout his career, and he also happens to have a thorough understanding of Time Inc.'s business."The CEO search has been underway since Time Warner said in March that it would spin off Time Inc. into a separate company, abandoning talks to combine most of its magazines with rival Meredith Corp. Time Inc. CEO Laura Lang told staffers that she would not continue in her post after the split. "After considerable thought, I have decided that taking the company through a transition to the public markets is not where my passion lies," she said in a memo then.Mr. Bewkes thanked Ms. Lang today for her work. "With Joe's appointment, I want to thank Laura Lang for her work in helping to... Continue reading at 'Crains New York'
[ Crains New York | 2013-07-22 00:00:00 UTC ]