After six years as chief executive officer of Hearst Corporation, Victor F. Ganzi has resigned from the company. The reason behind his resignation was irreconcilable policy differences with the board of trustees about the future direction of the company.
The board has formed a search committee to find a new ceo but in the meantime, Frank A. Bennack Jr., vice chairman of the board and chairman of the executive committee, will reassume the role of ceo.
“It has been an honor leading this company and working with such talented people throughout the organization over the past 18 years—and the last six as ceo,” said Ganzi. “Based upon 15 record profit years out of the last 16, Hearst is well-positioned to extend its leadership in the media industry in the future. I will work with the company to ensure an orderly transition of leadership.”
@juicebeauty, where @gwynethpaltrow holds the title of creative director of makeup, has become one of the foremost labels in the organic beauty category –– with sales on track to hit $100 million this year. What’s behind the rapid growth the brand is experiencing right now? It all started in 2005 when the wellness movement was just getting started. Read more on WWD.com. #wwdbeauty
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"I want to tell a story that inspires people to feel good about themselves, but also I'm making a commentary about the lack of female stories and female directors and saying this should change," said @imheathergraham on her latest project "Half Magic." The comedy feature, which the actress wrote and directed, is based on her own struggles as a woman in show business. Read @andrewnodell's full interview with Graham on WWD.com. #wwdeye (📷: @jgreenery)
@meltcosmetics cofounders @lora_arellano and @danabomar built their brand on a single idea: a true matte lipstick. To set the brand apart, they said they always put their customers first –– including a personalized note in each package. #wwdsummits #wwdbeauty
@moncler unveiled its latest project, #MonclerGenius, yesterday at Milan Fashion Week. The Italian outwear maker gave show-goers a preview of the monthly collections – which were created by eight designers and creative talents including Pierpaolo Piccioli, Simone Rocha, Craig Green and more – that will start rolling out in the summer.