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Posts Tagged ‘Howard Averill’

Time Inc.’s New CEO Makes First Hire

Joe Ripp, Time Inc.’s new CEO, isn’t wasting any time getting settled. Though he doesn’t officially begin until September, Ripp has made his first hire: Jeff Bairstow. Bairstow will be Time Inc.’s new CFO.

Bairstow comes to Time Inc. from Digital First Media — a company that manages MediaNews Group and Journal Register Company — where served as president. Bairstow had been with Digital First since 2011.

Bairstow is succeeding Howard Averill, who is shifting to the CFO role at Time Warner.

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Time Warner Names Howard Averill CFO

In the wake of Joe Ripp being named CEO of Time Inc., Time Warner has made some additional moves. The Wall Street Journal reports that Howard Averill — who was supposedly in the running for the top spot at Time — has been named CFO of Time Warner.

Averill is succeeding John Martin, who will now become CEO of Turner Broadcasting.

Averill has been with Time Inc. since 2007, and most recently served as the company’s executive VP and CFO. Prior to his time at Time Inc., Averill was with NBC Universal for 10 years.

Michael Klingensmith Seen as Lead Candidate for Time Inc. CEO

We have a new name to throw into the “Next Time Inc. CEO” hat: Michael Klingensmith. According to The Wall Street Journal, Klingensmith has emerged as the leading candidate to oversee the publishing house when it’s spun off at the end of the year.

Klingensmith is a newcomer to the list of potential Laura Lang replacements. The most recent names considered included David Geithner, Howard Averill, and Todd Larsen — all Time Inc. insiders. However, Klingensmith makes sense, because of his history with the company and his smarts.

According to the Journal’s sources, Jeff Bewkes has said he wants “a real strong finance guy that can help run this company,” (sorry women!) and Klingensmith would fit that role.

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Time Inc. Insiders Seen as Frontrunners for CEO Spot

Months have passed since rumors about who would be named the next CEO of Time Inc. began circulating and yet… Nothing. Jeff Bewkes has yet to name a new head honcho for the company, and Laura Lang — Time Inc.’s current CEO — is like, whatever.

However, if the speculation is correct, the next chief will likely be one of three current Time Inc. executives, and not an outsider, like some had believed. The New York Post reports that the current line of thinking is that if Bewkes doesn’t name someone from beyond the Time Inc. walls by this week, it’ll come down to these three:

  • David Geithner, executive vice president and group president of the Style & Entertainment Group
  • Howard Averill, executive vice president and CFO
  • Todd Larsen, executive vice president and group president of the News & Sports Group

No word on if any of them are excited or scared about this.

Names Emerge in The Hunt for Next Time Inc. CEO

Forgive us if you’ve heard this before, but… Rumors are circulating about who will be the next Time Inc. CEO. According to The New York Post, Jeff Bewkes — CEO of Time Warner — wants to find a replacement for Laura Lang before summer begins, and so some names have been floated:

Please bookmark this post so we don’t have to write a “Rumors of new Time Inc. CEO” post again in about a year.

Time Inc. Finally Names CEO

(Via Ad Age)

The long process of finding the next Time Inc. CEO is finally over. Congrats go to Laura Lang, most recently the CEO of the ad agency Digitas. Lang had been with Digitas since 2008.

The hiring of Lang came at just the right time. Back in July word circulated that the leadership trio of John HueyHoward Averill and Maurice Edelson wouldn’t be considered for the CEO position, and as the search went on many staffers became worried about what the lack of a CEO would mean for Time in the long run.

Thankfully for them, that wait is over. The Wall Street Journal reports that Lang is expected to be formally introduced at some point this afternoon.

Time Inc. Looking Outside for New CEO

It seems like the terrific trio at Time Inc. that has been manning the ship since Jack Griffin was forced out isn’t that terrific after all. According to The New York Post Time is now looking for a new CEO, but it’ll be someone from the outside; preferably someone who once worked at Time.

None of the three that replaced Griffin – which includes John Huey, Howard Averill and Maurice Edelson - are being considered for the job:

‘We felt and I felt that we have good management underneath that can work in a team effort,’ [Time Warner CEO] Jeff Bewkes said at the company’s shareholders meeting several weeks ago. ‘Some of them are here today. And they’re doing a very excellent job. But the agreement that we made, between the three of them and us, was that they are not candidates for the CEO job.’

That’s the agreement that they all made? Uh, right. We would’ve have loved to be a fly on the wall (or a fish in a bowl!) for that conversation.

Bewkes: “Okay, so you all agree with me that we need to hire someone outside and that none of you are capable, or even want, to handle this promotion, which comes with a power and pay increase?”
Huey: “Sounds great boss!”
Averill: “Why would I want more money? That’s ridiculous.”
Edelson: “I’m completely content with not advancing my career!”

Dust Begins to Settle at Time Inc.

Time Inc. has divided duties among three top executives to oversee things until the company finds a replacement for Jack Griffin. Dubbed the Three Wise Men (don’t quote us on that) the trio includes Chief Financial Officer Howard Averill, Editor-in-Chief John Huey and General Counsel Maurice Edelson.

Averill’s duties are expanding the most of the three to include U.S. marketing and ad sales, as well as Time Inc. operations based in Mexico and Britain. Huey continues to be in charge of editorial content for such heavy hitters as Sports Illustrated, Time and Fortune. Edelson, meanwhile, sees his responsibilities grow to include managing Time Inc.’s administrative groups.

No word on if the three execs will retain these added duties when a new CEO is found, or where the trio plans on finding gold, frankincense, and myrrh in the city, but we’ll keep you posted.

Time Inc. Names CFO, Quietly Drops ‘Magazines’ From Announcements

logo_time_inc_052107.gifImagining a magazineless Time Inc.

Via the Revolving Door:

May 21, 2007: Howard Averill has been named chief financial officer at Time Inc. He had been executive vice president and chief financial officer at NBC Television Group. (release)

Why this is important? There’s mounting speculation and pressure from investors for Time Warner to sell Time Inc., and Averill would be a key player in any sale. Plus, check out the “digitizing” of language in Time Inc. press releases, namely, the subtle omission of the word “magazines”:

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