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Posts Tagged ‘Michael Klingensmith’

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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Michael Klingensmith Could be Named Time Inc. CEO This Week

Time Warner’s search for the next Time Inc. CEO (might!) end this week. Michael Klingensmith — the current CEO of the Star Tribune Media Company — emerged as the frontrunner early this month, and the New York Post reports that he’s expected to nail it down, unless talks suddenly go haywire.

If a deal with Klingensmith isn’t sealed, the rumor is one of three Time Inc. insiders will be named CEO. That lucky (or unlucky, depending on how you look at it) list includesDavid GeithnerHoward Averill, and Todd Larsen.

Meanwhile, Laura Lang, the current Time Inc. CEO, is sitting back in her office like, “Good luck with alllll that.”

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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