Outgoing exec credited with helping to recruit successor
Jack Griffin, former national media group prexy of Meredith Corp., was named CEO of Time Inc. on Monday, succeeding Ann Moore.Time Warner CEO Jeff Bewkes credited Moore with “advising me on recruiting Jack” and said he expected Griffin to help the company expand further. Moore, whose contact extends until December 2012, had reportedly said she would be open to leaving the chief exec post if the right person came along to take her place. “I have believed for some time that Jack is the right person to be the next CEO of Time Inc., and I couldn’t be more pleased that he will lead this company into the future,” Moore said in a release. Meredith is the nation’s second-largest publishing company and publishes Better Homes and Gardens, Ladies Home Journal and Family Circle, among others. The largest publisher in the world, Time Inc.’s stable of publications includes Fortune, Time, Entertainment Weekly and Southern Living among 17 in the U.S alone. While at Meredith, Griffin led the company through several acquisitions, including marketing companies Hyperfactory; O’Grady Meyers and Genex; and New Media Strategies. Griffin also oversaw Meredith’s acquisition of Gruner + Jahr USA — a deal that added several parenting mags to the Meredith women’s publishing group and doubled the company’s magazine biz.