Time Inc. EVP and CFO Jeff Bairstow Stepping Down
Senior vice president, controller Sue D’Emic to step into role.
One of the last remaining Time Inc. c-level executives who began 2016 with the company is now moving on, too. Today, CEO Rich Battista announced that EVP and CFO Jeff Bairstow will step down next month after three years on the job.
“Jeff has led many of our key initiatives, beginning with our separation from Time Warner and securing financing from the investment community, to the monetization of real estate assets, driving key acquisitions and divestitures, growing our India operation to an industry-leading center of excellence and working closely with Marcus Rich to drive the successful turnaround of Time Inc. UK,” Battista says in a statement.
Replacing Bairstow will be Sue D’Emic, who has been serving as SVP, controller since 2013.
“Sue brings more than two decades of public company finance and operations expertise and a deep understanding of our industry and company,” Battista says about her in the same statement. “I am confident that she will be a strong financial and strategic partner as we continue to aggressively execute on our transformation.”
This latest leadership change rounds out a reboot at the top of the company. Battista, of course, replaced Joe Ripp last month. Other changes this this year have included CTO Colin Bodell, who was let go back in May during a major restructuring. He was replaced by president of digital Jen Wong, who was later named to the newly-created COO position. Norm Pearlstine stepped down as chief content officer in July, and is now vice chairman. He was replaced by Allan Murray. The summer also saw the departure of several other executives, including EVP Evelyn Webster.
Battista also announced the appointment of a new c-level title. Greg Giangrande, EVP and chief human resources officer, will add chief communications officer to his business card. He will continue to report to Battista.
Additional responsibilities have also been added to the plates of Erik Moreno and Jaison Blair. Moreno who was EVP, business development, will now hold the title of EVP and president, corporate development, new ventures & investments. Blair, whose title was SVP, investor relations and corporation communications, will now hold the title of SVP investor relations, finance & corporate development. Moreno will report to Battista, and Blair will report to D’Emic.