Time Inc. says Sue D'Emic to succeed Jeff Bairstow as EVP, CFO
Time Inc. CEO Rich Battista announced a series of leadership and organizational changes. Jeff Bairstow, EVP and CFO, will depart the company after a transition. He will remain as EVP and CFO until November 7, 2016. Thereafter, he will stay on in an advisory capacity until March 1, 2017, to ensure a smooth transition of his responsibilities. Sue D'Emic, SVP, Controller, will succeed Bairstow as EVP and CFO, reporting to Battista. In addition, Marcus Rich, Chief Executive Officer, Time Inc. UK, who previously reported to Bairstow, will now report to Battista. Battista also announced today that Erik Moreno, currently EVP, Business Development, is becoming EVP and President, Corporate Development, New Ventures & Investments and will continue to report to Battista. In this new role Moreno will oversee Time Inc. International as well as M&A and Strategic Planning. Steve Marcopoto, President, Time Inc. International, and Brian Lew, SVP, M&A and Strategic Planning, will now report to Moreno.