Joseph Ripp will become the new CEO of Time Inc., the company announced on Monday. Mr. Ripp will start in September, shortly before the print division is spun off from Time Warner. Time Warner said in March that it would spin off Time Inc., the division devoted to magazines including Time, Sports Illustrated, and People.
The Time Inc. CEO at the time, Laura Lang, said that she would step down after the split. Time Warner began looking for a new CEO, a search that has dragged on for nearly five months.