It’s official: Richard Beckman, chief executive of Women’s Wear Daily publisher Fairchild Fashion Group resigned this morning. He is leaving the Condé Nast division to become CEO of e5 Global Media, a recently created media company that purchased The Hollywood Reporter, Billboard, MediaWeek and AdWeek from Nielsen last month, in a move first reported by The New York Post.

Beckman moved from his position as president of the Condé Nast Media Group to Fairchild last March, a move that was seen by many in the industry as a demotion. Condé Nast has yet to name a replacement.

Update: The Hollywood Reporter writes today about the new CEO of its parent company: “Beckman said his career and passion have focused on music, entertainment and media, ‘making this collection of brands particularly alluring to me.’ He added: ‘I look forward to developing these valuable brands and improving and extending them in the years to come.’”

Read more: Beckman Resigns as Fairchild CEO –WWD

Conde rainmaker Richard Beckman eyes exit –New York Post

Previously: Richard Beckman Named President, CEO of Fairchild, Investor Group Buys Eight Nielsen Brands