The
waiting game is finally over. Today, Time Warner said former CFO Joseph Ripp
will succeed Laura Lang as the CEO of its soon-to-be
spun off publishing division Time Inc. He starts in September.
Ripp,
currently the CEO of OneSource Information Services, has a long history at Time
Inc. and Time Warner. He joined the company in 1985 as assistant comptroller of
Time Inc., and eventually became its svp, CFO and treasurer. Subsequently, he
was evp, CFO of Time Warner and held executive positions at America Online
before leaving the company in 2004.
Time Inc. has found its new CEO. Time Warner's
Jeff Bewkes announced today that Joe Ripp, a former CFO of Time Inc., Time
Warner and AOL has been named to the top spot as Time Inc. gets ready to spin off
as an independent, publicly-traded company.
In a sense, Time Inc. has in its new CEO both an insider and an outsider. Ripp spent almost 20 years at the company, leaving Time Warner in 2004.
In a sense, Time Inc. has in its new CEO both an insider and an outsider. Ripp spent almost 20 years at the company, leaving Time Warner in 2004.
