To: Time Inc. Employees
From: Ann Moore
As many of you know first hand, I have always emphasized the importance of succession planning. And over the past several years, I’ve worked closely with Jeff Bewkes to explore the best possible options for a strong succession plan for our business.
This morning, Jeff will announce that Jack Griffin has been selected to succeed me as CEO of Time Inc., while I will continue to stay on as Chairman. I’ve attached a copy of the press release. I’m pleased to say that Jack, who most recently served as President of Meredith’s magazine group, was our number one choice and his coming on board is a huge win for Time Inc. and Time Warner.
Jack is widely known to be a great leader and innovator. I personally really like him. He shares our values and our work ethic. His philosophy around serving both his audience and marketers in every way possible has paid off in recent years. Under his guidance, Meredith Integrated Marketing, the company’s multiplatform marketing unit, has grown to be an industry-leading business.
Coming off the earnings announcement last week, it’s clear we’re in a good place. Time Inc. is home to the most respected journalists and marketers in the business. The content we create is now consumed by more than 138 million people every month. We’re experiencing big momentum in digital and the future looks very bright, thanks to our best asset – our people. It’s a great time for Jack to take the reins.
Jack will officially start at the end of September and I’ll be working with him in the coming months to ensure a smooth transition into the job. We’re thrilled he’s chosen to make Time Inc. his home and I know he’s excited to build on all the wonderful work you’ve done to get us here.