Meredith CEO Kerr to Step Down, COO Lacy to Succeed Him
Kerr will remain on the company’s board as non-executive chairman.
The move is "part of a planned succession in line with Meredith’s historical practices," according to the company.
Last week, the company reported a strong second quarter for its 2006 fiscal year. Revenues rose 31 percent to $386 million and advertising revenues increased 32 percent to $232.1 million, according to company reports.