Industry Moves: MSLO CEO Lyne Steps Down; Millard and Marino Named Co-CEOs
This story was written by David Kaplan.
Susan Lyne has stepped down from her posts as Martha Stewart Living Omnimedia's (NYSE: MSO) president and CEO. In her place, MSLO is promoting Wenda Harris Millard, currently president of media, and Robin Marino, president of merchandising, to the roles of Co-CEO, reporting to Charles Koppelman, chairman of the board. Lyne will stay on in an advisory role for a period of time to ensure a smooth transition and will remain a director during that period. No reason was given for her decision to leave the company. Release (More to come)
By David Kaplan