Simon & Schuster announced this morning that Jack Romanos, President and Chief Executive Officer, will retire at the end of the year. Carolyn Reidy, currently President of Simon & Schuster's Adult Publishing Division, will assume the role of President and Chief Executive Officer upon Romanos' retirement. Romanos, who joined the company in 1985 as president of Pocket Books and became President and CEO in 2002, will continue to serve in an advisory capacity to CBS Corporation President and CEO Leslie Moonves through 2009.

"The past 22 years have been especially gratifying to me," Romanos said in a statement. "Simon & Schuster has enjoyed a period of tremendous growth as it has evolved from its foundation imprints of S&S and Pocket Books into a multi-faceted, truly world class international publishing company with a well-deserved reputation for publishing excellence, and a roster of top bestselling and award winning authors." Added Reidy: "As I step into this new role at Simon & Schuster, I am grateful to Jack Romanos, who has done such a remarkable job leading us to many years of record breaking sales and profits, and positioning us for the future. He leaves a company that will continue to excel in every aspect of publishing."