Primedia Says CEO Replacement Not a Done Deal
Primedia says it has made no regarding the management of its company following the sale of its Enthusiast Media division, according to a Securities and Exchange Commission filing. It was widely reported last week that the company announced plans at a Bank of American conference to replace its current CEO Dean Nelson with Robert Metz following the sale of its largest magazine division.
Primedia now says the reports are not accurate. “The company is filing this current report on Form 8-K to reiterate that the Board of Directors of the company has not reached any decision regarding the sale of its enthusiast magazine division or the management of the company in the event a sale is completed.”
Bloomberg Media first reported the story of the CEO change last week, saying that investor relations head Eric Leeds also revealed the New York-based company will move its headquarters to Atlanta, where Metz currently runs the company’s consumer guides group.