Time Inc. is restructuring its business ranks.
In a memo to staff, chairman and chief operating officer Joe Ripp said executive vice president Todd Larsen will leave the company at the end of the month.
The ceo noted that Time Inc. will reorganize its corporate sales team, consolidating technology and product engineering operations, in order to “remove” barriers that “stood between the creative and business sides” of the organization.
As a result, executive vice president Evelyn Webster will now focus solely on domestic operations, excluding People and Entertainment Weekly. Prior to her role expansion, Webster had focused solely on the company’s fashion, luxury and lifestyle titles.
Ripp said the company is looking for a president to oversee People and EW, and that person will report directly to him. This new job follows the departure of group publisher Jed Hartman, who oversaw advertising, marketing and event sales for Time, Fortune and Money magazines. He recently departed Time Inc. for The Washington Post.
Time Inc.’s UK business, which is headed by ceo Marcus Rich, will now report into executive vice president and chief financial officer Jeff Bairstow, who will help grow digital opportunities there.