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Joe Ripp Named CEO of Time Inc.

Joe Ripp is the new CEO of Time Inc. Not Michael KlingensmithDavid GeithnerHoward Averill, or Todd Larsenlike the endless rumors had suggested.

Ripp is the current CEO of OneSource, but he is a veteran of both Time Warner and Time Inc. Ripp served as executive VP and CFO of Time Warner, and served as Time Inc.’s executive vice president, chief financial officer and treasurer. He joined Time Inc. in 1985.

In a statement, Jeff Bewkes, CEO of Time Warner, said Ripp “Is respected as a strategic leader who has delivered financial results throughout his career, and he also happens to have a thorough understanding of Time Inc.’s business.”

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