Abrupt end for Martha Stewart CEO

Dec 19, 2012

(AP)—The CEO of Martha Stewart Living Omnimedia is stepping down after less than a year at the job.

Lisa Gersh will resign after an unspecified transition period. The company said Wednesday that it is looking for a replacement.

Gersh was hired in May 2011 as president and COO and replaced Charles Koppelman as CEO in July 2012.

Martha Stewart Living Omnimedia Inc., founded by the lifestyle and home guru, has been seeking to improve the profitability of its publishing and broadcast divisions while growing merchandising revenue. It struck a deal to open Martha Stewart mini-shops in J.C. Penney stores last year, but that has been challenged by Macy's, which also sells the company's products.

The New York company says a leadership change would help expand its merchandising business.

Explore further: India on tap as first market for Microsoft Lumia 535

not rated yet
add to favorites email to friend print save as pdf

Related Stories

Sony's 'Dash' on sale now

Apr 30, 2010

Sony today announced that its new Dash, a Wi-Fi touch screen device that pushes real-time, personalized Internet content to users in their homes or offices, is now available for about $199 nationwide.

Airtight box and plant experiment ends in blinding headaches

Sep 19, 2011

(PhysOrg.com) -- Iain Stewart, a professor of geoscience at Plymouth University, spent the weekend carrying out an experiment in Cornwall at the Eden Project. Stewart was locked in an airtight chamber for 48 hours with nothing ...

Recommended for you

Netflix sues Yahoo CIO for alleged kickbacks

8 hours ago

Netflix is suing a former company vice president who is now chief information officer at Yahoo, accusing him of receiving money from vendors he hired to work with the video streaming company.

BlackBerry courts iPhone users with cash

Nov 25, 2014

Canadian smartphone maker BlackBerry is wooing Apple customers with a cash offer for trade-ins of iPhones for its new square-screened, keyboard-equipped Passport.

HP earnings show continued struggle

Nov 25, 2014

Venerable tech giant Hewlett-Packard has been struggling for three years to turn its business around. Its latest earnings show it still has more work ahead.

User comments : 0

Please sign in to add a comment. Registration is free, and takes less than a minute. Read more

Click here to reset your password.
Sign in to get notified via email when new comments are made.