Nora McAniff, John Squires Named Co-Chief Operating Officers of Time Inc.
December 13 2005 - 2:46PM
PR Newswire (US)
Company Announces New Management Structure NEW YORK, Dec. 13
/PRNewswire/ -- Time Inc. chairman & CEO Ann Moore has
appointed Nora McAniff and John Squires co-chief operating
officers, the first in the company's history, it was announced
today. (Photo:
http://www.newscom.com/cgi-bin/prnh/20051213/NYTU142-a
http://www.newscom.com/cgi-bin/prnh/20051213/NYTU142-b ) "Nora and
John are seasoned and proven operating executives," said Moore.
"Their appointment signifies our company's commitment to improving
the process of producing and selling premier branded content." She
continued: "This move is part of a larger Time Inc. effort to
simplify our management structure, speed decision making and reduce
costs. We are reallocating our workload and assets in order to
invest in areas of higher growth, including online and new
launches." McAniff, 47, previously executive vice president of the
Time Inc. Women's, Entertainment & Luxury Group, will continue
to oversee the titles in her existing portfolio and she will also
add responsibility for Corporate Sales & Marketing, as well as
Time Inc.'s Southern Progress Corporation and IPC Media, the
largest magazine publisher in the UK. As co-chief operating
officer, she will be the Time Inc. executive most directly
responsible for the company's advertising revenue stream. This new
alignment also brings some management changes at the magazine and
department levels. Executives now reporting to McAniff include:
David Geithner and Paul Caine -- the People Group; Stephanie George
-- In Style, Real Simple, and Essence; Tom Angelillo -- Southern
Progress Corporation and The Parenting Group; Sylvia Auton -- IPC;
Robin Domeniconi -- Corporate Sales & Marketing, MNI, TMI and
Time Inc. Strategic Communications; Andy Blau -- Life and All You;
and David Morris -- Entertainment Weekly. Squires, 48, formerly
executive vice president of Time Inc.'s Sports and Leisure Group,
will continue to have responsibility for his existing titles and
Time Inc.'s interactive division. He will also have new
responsibility for Time magazine, as well as the Fortune/Money
Group, including Fortune, Money, FSB, Business 2.0 and the
soon-to-be-launched CNNMONEY.com. He will also return to managing
Consumer Marketing, with responsibility for the company's other
revenue stream. Squires' direct reports will include: Ned Desmond
-- Time Inc. Interactive; Ed McCarrick -- Time; Mark Ford -- Sports
Illustrated and Time4Media; Chris Poleway -- Fortune/Money Group;
and Brian Wolfe -- Consumer Marketing and Time Warner Retail Sales
& Marketing. Executive vice president Michael Klingensmith, 52,
continues to report to Ann Moore, and will increase his
responsibility by adding the Time Warner Book Group, Information
Technology and Synapse. Additionally, he will continue to oversee
Legal, Strategic Planning, Production, Administrative Services and
Grupo Editorial Expansion. Senior vice president Kerry Bessey will
continue to run Human Resources. She will continue to report to Ann
Moore, as will acting chief financial officer Howard Rosen. Moore,
McAniff, Squires, Klingensmith, Bessey and Rosen will form Time
Inc.'s Office of the Chairman. The new structure on the business
side of the company will not affect the editorial side. John Huey
assumes his position as Time Inc.'s editor-in-chief on January 1,
2006. McAniff has been with Time Inc. since 1982. In 1993 she was
named publisher of People magazine, and in 1998 she became
president of the magazine, and later of the larger People Group,
including Teen People and People en Espanol. She was named
executive vice president in 2002 with responsibility for Time
Inc.'s women's group of magazines, and earlier this year she added
Entertainment Weekly and Life to her portfolio. McAniff serves on
the boards of Saks Fifth Avenue and the Michael J. Fox Foundation
for Parkinson's Research. A New York native, McAniff is a graduate
of Baruch College. Squires joined Time Inc. in 1989 as assistant
circulation director of People. He was consumer marketing director
for Entertainment Weekly and Sports Illustrated before he was named
senior vice president of consumer marketing for Time Inc. in July
1996. Squires served as president of Entertainment Weekly from 1998
until his appointment as executive vice president in 2002. In his
most recent position he oversaw Time Inc.'s Sports and Leisure
group, including Sports Illustrated -- for which he had direct
oversight -- and Time4Media, as well as Time Inc. Interactive.
Since 2001 he has been a director on the board of the Audit Bureau
of Circulations. Squires is a native of Pocatello, Idaho, and a
graduate of the University of Washington. Time Inc. is the world's
leading magazine publisher, with 154 titles that are read more than
300 million times worldwide on a monthly basis and account for
nearly a quarter of the total advertising revenues of U.S. consumer
magazines. Time Inc. is a wholly-owned subsidiary of Time Warner
Inc., a leading media and entertainment company, whose businesses
include interactive services, cable systems, filmed entertainment,
television networks and publishing. Contacts: Dawn Bridges
212.522.2494 Ali Zelenko 212.522.1502 Photo: NewsCom:
http://www.newscom.com/cgi-bin/prnh/20051213/NYTU142-a
http://www.newscom.com/cgi-bin/prnh/20051213/NYTU142-b AP Archive:
http://photoarchive.ap.org AP PhotoExpress Network: PRN19-PRN20 PRN
Photo Desk, photodesk@prnewswire.com DATASOURCE: Time Inc. CONTACT:
Dawn Bridges, +1-212-522-2494, , or Ali Zelenko, +1-212-522-1502, ,
both of Time Inc.
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