After Two Years of Cuts, Lagardere Taps a New CEO for Hachette

Lagardere CEO Didier Quillot announced today that, after two years of cost-cutting and closures at the hands of Alain Lemarchand whom Mr. Quillot sent from France to shape-up the company’s American arm in 2008, Steve Parr will take over as the CEO of Hachette Filipacchi starting October 1.

Since he took over HFMUS in September 2008, Mr. Lemarchand sold five magazines and closed one, Metropolitan Home, according to Nat Ives. He also withdrew the company’s membership from the Magazine Publishers of America. He was also around for the rise of Elle at the hands of Carol Smith and, later, the departure of Carol Smith to Condé Nast. He will move into a senior management position with Lagardere.

Mr. Parr (who hails from Canada) has experience in book publishing, magazines and the multimedia digital space, too. He was most recently president of Source Interlink Media. He will have a fresh start at Hachette, as the company is in the middle of a move from 1633 Broadway to new space in the Time-Life tower.

The announcement is appropriate today, the last day of summer, after a season of change on the executive floor at magazine publishers across the City: Jack Griffin took over at Time Inc.; David Carey took over at Hearst; and Bob Sauerberg took over at Condé Nast. After Two Years of Cuts, Lagardere Taps a New CEO for Hachette