CEO Gersh packing her bags at Martha Stewart; Profitability Still Elusive

December 19, 2012

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Martha Stewart Living Omnimedia CEO Lisa Gersh is expected to announce her resignation, possibly as early as this week, just five months after she was elevated to the top job.

The struggling company is said to be weighing a new strategy in an attempt to transform itself into one more focused on merchandising across a range of products.

For months, there also has been talk of tension between Gersh, an experienced media executive, and the company’s namesake founder and chief creative officer.
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Source: New York Post

Companies Mentioned:

Everyday Food

People Mentioned:

Lisa Gersh

Martha Stewart Weddings

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