Jack Kliger, C.E.O. of Hachette Filipacchi Media, to Step Down

Portfolio‘s Jeff Bercovici is reporting that Hachette Filipacchi Media, C.E.O. Jack Kliger will be stepping down from the company at the end of the summer.

As Mr. Bercovici writes:

Kliger took over Hachette in June 1999, and immediately faced a crisis when John F. Kennedy Jr., founder and editor of George magazine, died in a plane crash. Kliger ended up shutting down George, and has pulled the plug on a slew of other titles including Premiere, Mirabella, ElleGirl and Shock. Nevertheless, he received a lifetime achievement award from the Magazine Publishers of America in January.