Abrupt end for Martha Stewart CEO

December 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: Sony's 'Dash' on sale now

0 shares

Related Stories

Sony's 'Dash' on sale now

April 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

September 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

Making AI systems that see the world as humans do

January 19, 2017

A Northwestern University team developed a new computational model that performs at human levels on a standard intelligence test. This work is an important step toward making artificial intelligence systems that see and understand ...

Firms push hydrogen as top green energy source

January 18, 2017

Over a dozen leading European and Asian firms have teamed up to promote the use of hydrogen as a clean fuel and cut the production of harmful gasses that lead to global warming.

WhatsApp vulnerable to snooping: report

January 13, 2017

The Facebook-owned mobile messaging service WhatsApp is vulnerable to interception, the Guardian newspaper reported on Friday, sparking concern over an app advertised as putting an emphasis on privacy.

0 comments

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.