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New Time Inc. CEO Shakes Up Team; CFO Departs

Rich Battista, the newly minted chief executive officer of Time Inc., continues to make changes to his executive team.
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

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