Joseph A. Ripp Named CEO of Time Inc.
Joseph A. Ripp will become the new CEO of Time Inc., Time Warner announced today.
Ripp will replace CEO Laura Lang, who told Time Warner that she didn't want to continue in her current role after the publishing unit was spun off.
Ripp is a former Time Inc. and Time Warner executive who currently serves as CEO of OneSource Information Services, which provides online business information and sales intelligence solutions. He will start his new position in September.
Ripp began his media career at Time Inc. in 1985 and held several executive-level positions there and at Time Warner over a nearly 20-year period, including serving as Time Inc. and Time Warner CFO and AOL CFO following its merger with Time Warner. Ripp left the company in 2004.
"Joe is a seasoned executive who has been immersed in the intersection of digital, advertising and publishing for the past decade," Time Warner CEO Jeff Bewkes said in a statement. "He is respected as a strategic leader who has delivered financial results throughout his career, and he also happens to have a thorough understanding of Time Inc.'s business. We have great confidence that Joe will maximize Time Inc.'s iconic brands, scale and industry-leading position to create value for its stockholders."
Ripp said: "I'm privileged to have this rare opportunity to lead a company I'm passionate about at such a significant moment in its history and future. Knowing Time Inc. as I have, I'm confident that it has all the elements for success as it enters a new chapter as an independent public company -- industry leadership, strong executives, powerful brands, great journalistic talent and a track record of innovation."