Two exex sub for Grann as Penguin CEO, prexy

Bird out of hand, two in the bush

Phyllis Grann has retired as CEO and prexy of Penguin Putnam, and the publishing house has appointed two execs to replace her.

Penguin Putnam chief operating officer David Shanks will succeed Grann as CEO, while exec veep Susan Petersen Kennedy is taking over as prexy.

Grann, who oversaw the conglom’s emergence as America’s second largest trade book publishing house in the wake of the 1996 merger of Penguin USA and Putnam Berkley, said she will pursue other opportunities.

“I have reached a point in my life when it is time to start a second act,” she said.

Grann, who will leave her post at the end of the year, is arguably the most powerful woman in American publishing. In her long reign at Putnam Berkley — she joined the company as editor in chief in 1976 — she’s edited such authors as Tom Clancy, Patricia Cornwell, Clive Cussler, Dick Francis and Terry McMillan.

Last year, Penguin Putnam had sales of $1.13 billion.

Want to read more articles like this one? SUBSCRIBE TO VARIETY TODAY.
Post A Comment 0

Leave a Reply

No Comments

Comments are moderated. They may be edited for clarity and reprinting in whole or in part in Variety publications.

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

More Scene News from Variety

Loading