The Economist CEO Chris Stibbs has announced his departure from the magazine after over five years as CEO and 13 years with the brand.
First reported by Digiday, Stibbs’ exit follows a string of recent departures from the company, including CFO of the publisher team Toby Burton who stepped down last month, and former president of The Economist Group, Paul Rossi, who left in July. In an internal memo obtained by Digiday, Stibbs says that he will remain in his role until the board appoints his successor, which could take approximately six months to a year.
Having joined The Economist in 2005 as Group finance director, Stibbs was then promoted to managing director of The Economist Intelligence Unit in 2010, and finally to CEO in July 2013. During his tenure, Stibbs helped to increase the magazine’s circulation and subscription rates, which accounted for 58 percent of The Economist Group’s revenue in 2017, and lead the recent $180 million sale of CQ Roll Call, its former Capitol Hill-focused subsidiary, to Washington, D.C.-based start-up FiscalNote.
Stibbs’ departure also follows the recent restructuring of The Group’s sales and circulation teams, which were combined under the newly appointed COO and publisher Michael Brunt in April of this year, that Digiday reported Stibbs had initially split up in order to drive growth.
Here are the rest of this week’s people on the move…
Erin Beresini was promoted to editorial director of magazine and digital media for Women’s Running, Competitor Running and VeloNews at Pocket Outdoor Media this week. Beresini has served as the editor-in-chief of Triathlete since 2016 and will continue her current responsibilities in that role in addition to taking on the new duties of coaching the editorial vision for each brand, guiding their editorial mix in relation to the marketplace, helping develop their magazines and websites, and launching new streaming video shows and podcasts.
House Beautiful announced three additions to its editorial staff this week, marking some of the first hires for editorial director Joanna Saltz since her appointment last month.
Carisha Swanson was promoted to House Beautiful’s market director from senior market and section editor at Hearst Design Group, which includes the Elle Decor, Veranda and House Beautiful brands. In her new role, she will be responsible for all products that appear in the magazine, as well as host video series about what’s new in the marketplace. She will also serve as the brand liaison for all trade shows, in addition to managing initiatives such as the Whole Home Project and Kitchen of the Year.
Robert Rufino, who most recently served as interiors editor at Elle Decor, will serve as House Beautiful’s new style director. He will be responsible for overseeing the style and design aesthetic of the brand, in addition to leading partnerships with designers, managing the coverage of interiors, and overseeing all photography.
And Amanda Sims was tapped as the deputy editor for the brand. She most recently served as the digital design editor at Architectural Digest’s digital vertical Clever, and will be tasked with managing and editing all copy that appears in the magazine. Sims will also oversee how editorial packages and stories translate for a digital audience.
Future plc tapped Gabrielle Kessler as its new VP of experiential in an effort to invest further in its experiential marketing services. Kessler, who most recently served as the creative director at The Visionary Group, will now be tasked with leading sales, creative, production and overall business growth surrounding experiential, with a focus on the company’s gaming industry event, the PC Gaming Show.
Her appointment follows on the heels of the recent NewBay Media and Purch’s consumer division acquisitions, and is expected to help to further expand the company into the experiential marketing and events programs spaces across the gaming, tech, music, knowledge and B2B industries. Based in Los Angeles, Kessler will report to chief revenue officer, U.S. Luke Edson.
ALM announced two editorial promotions this week. Rosalie Donlon was tapped as the new editor-in-chief of National Underwriter Property & Casualty and PropertyCasulaty360.com where she will be tasked with managing the monthly column in print and digital, assigning all market feature stories, and maintaining editorial relationships for the P&C insurance space.
Most recently, Donlon held the role of managing editor for these brands, and former senior editor Elana Jefferson has been tapped as her successor. Jefferson is now responsible for assigning topics to columnists monthly, writing features, and copy editing, proofreading and designing layout for P&C articles before they go to print or digital editions.
Harvard Business Review executive editor Sarah Green Carmichael join Barron’s as its new ideas editor where she will be tasked with recruiting writers, translating new academic research for investors, and fostering debate over solutions to the biggest challenges facing companies and the global economy. At HBR, Green Carmichael helped to shape editorial content for the site, and spent 10 years hosting the brand’s podcast, “HBR IdeaCast,” as well as launched and co-hosted the “Women at Work” podcast.
GQ senior editor Kevin Nguyen announced that he is joining Vox Media’s The Verge as a features editor. In his new role, Nguyen will report to editor-in-chief Nilay Patel and will focus on producing long form stories revolving around the impact of technology on culture.
Ben Golliver announced that this is his last week as senior NBA writer for Sports Illustrated after serving six years with the magazine. He will be starting at the Washington Post as a national NBA reporter for the paper’s sports section and will continue to be based in Los Angeles.
Caitlin Hu, who currently serves as a geopolitics news editor and the first visual culture editor for Quartz, is leaving the company to join CNN International as a New York-based digital senior editor at the start of next year. Hu joined Quartz in 2015 and has sense led several investigations, including looking into the deaths caused by Hurricane Maria, as well as helped to create and co-edited Quartz’s first book, “The Objects that Power the Global Economy.”
The Cut tapped Erika Allen as its new culture editor. Allen will be tasked with overseeing the culture coverage for the brand, as well as editing essays, profiles and features. She joins the Cut from the Outline where was most recently served as executive editor, and prior to that, she served as the deputy editor for Vice Magazine.
The Washington Examiner made two hires to its editorial team this week. Daily Mail senior reporter Alana Goodman is joining the magazine as an investigative political reporter and Keith Koffler rejoined as a senior editor after taking time last year to write his book, “Bannon: Always the Rebel.” And politics and media reporter Eddie Scarry was promoted to a commentary writer for the publication.
Elena Schneider, Laura Barrón-López and Holly Otterbein were all named national political reporters for Politico’s 2020 election coverage. Schneider, who joined the company in 2015, most recently covered the House and Senate races. Barrón-López is joining Politico from the Washington Examiner where she covered the midterm elections. And Otterbein comes from the Philadelphia Inquirer where she covered the midterms and local politics.
Poltico’s Marianne LeVine and Sarah Ferris are taking on new roles this week. LeVine, who has reported on labor and most recently lobbying since 2014, will now cover the Senate. Ferris, who started as a budget reporter in 2017 will now cover the House.
Former Politico policy reporter, Mel Leonor, is joining the Richmond Times-Dispatch to cover local government and the environment. And Politico congressional reporter Elana Schor is leaving to join the Associated Press as a political reporter covering the 2020 campaign.
BuzzFeed News media and politics reporter Steven Perlberg announced on Monday that he is departing the company at the end of the year after two years and will pursue freelance reporting on media, politics and other topics from Berlin, Germany.
Bradley Saacks started at Business Insider as a hedge fund reporter this week. Saacks most recently was with the Financial Times’ mutual fund news branch, Ignites, where he covered sales, distribution and marketing in the industry.
Leon Neyfakh is leaving Slate, where he was responsible for launching the “Slow Burn” podcast, in order to pursue the launch and operation of his new podcast show, “Fiasco”.