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Major Executive Changes at Condé Nast

unnamedBig changes have just hit Condé Nast. Editorial director Tom Wallace and COO and CFO John Bellando are both leaving the company, while David Geithner — a former veteran of Time Inc. — is joining as CFO.

Wallace’s exit will give even more power to Condé’s artistic director, Anna Wintour. In a memo announcing the changes, Chuck Townsend, the publishing house’s CEO, wrote that Wintour “will ensure that our content and culture remain at the forefront of our industry.”

Bellando had been with Condé since 1999. Geithner will take over Bellando’s CFO duties, while Bob Sauerberg will “assume a leading role in all revenue generation activities,” wrote Townsend.

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