He has promoted Sue D’Emic, senior vice president and controller, to the role of executive vice president and chief financial officer, a job that had been held by Jeff Bairstow. Bairstow departs the company on Nov. 7. As part of the changes, Marcus Rich, ceo of Time Inc. U.K., will now report to Battista.
“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. U.K.,” Battista said. “Further, Jeff has built a world-class finance organization, and we are fortunate that he has developed a ready and worthy successor in Sue.”
D’Emic brings more than two decades of public company finance and operations expertise to the new gig.
Erik Moreno, currently executive vice president of business development, has been promoted to executive vice president and president of corporate development, new ventures and investments. He will continue to report to Battista. Morena played an important role in setting and executing Time Inc.’s strategy, having led the acquisitions of Viant and Bizrate, Time Inc. said.
In this new role Moreno will oversee Time Inc. International as well as m&a and strategic planning. Steve Marcopoto, president of Time Inc. International, and Brian Lew, senior vice president of mergers and acquisitions and strategic planning, will now report to Moreno.
Elsewhere in the company, Greg Giangrande, executive vice president and chief human resources officer, has added the job of chief communications officer, overseeing corporate communications and media relations, employee communications and corporate social responsibility. Giangrande will continue to report to Battista. Jill Davison, vice president of corporate communications, and Abby McInerney, director of corporate brand, will now report to Giangrande.
Jaison Blair, currently senior vice president of investor relations and corporate communications, will move to the job of senior vice president of investor relations, finance and corporate development, reporting to D’Emic. He is also adding responsibility for Time Inc. India. Blair will join the board of Time Inc. India and Soum Rathod, vice president of globalization, will now report to Blair.
The changes at Time Inc. follow a massive restructuring this summer across the company, in order to cut costs, streamline its chain of command and better position itself to evolve its digital business.