Richard Beckman, who until today was president of the Conde Nast Media Group, has just been made president and CEO of the Fairchild Fashion Group. Yes, you read that correctly. Short version (we are surmising): Unless Conde Nast has suddenly decided to devote all their energy to WWD, WWD.com, and Footwear News(!), etc. this can probably be considered a demotion.
Here’s how the press release delicately phrases it: “This position provides [Beckman] with a unique platform to realize our vision for the FFG franchise worldwide.”
The release then goes on to detail Beckman’s years of experience and (many) accomplishments at the company: “Mr. Beckman has been President of the Conde Nast Media Group since July 2004, as well as the Chief Marketing Officer (C.M.O.) for Conde Nast. Previously, from 2002-2004, he was Executive Vice President and C.M.O. of Conde Nast. Under Mr. Beckman, the corporate sales and marketing group of Conde Nast evolved into the Conde Nast Media Group, which now supports all of Conde Nast Publications and Conde Nast Digital.”
Like we said, hard to make this seem like anything but a demotion, or perhaps a slow, cushiony exit? Thoughts?
Also, “Louis Cona, Senior Vice President of the Conde Nast Media Group, will now oversee the Media Group.” Full release after the jump.