This media company’s global reorganisation plans have claimed some of its top executives
Condé Nast’s CHRO JoAnn Murray and CFO David Geithner are exiting as part of the media company’s global restructuring.
Seven-year Condé Nast veteran Murray and five-year Geithner chose not to pursue newly-created global roles and will stay until the new roles are filled.
The company announced this month (14 August) that a “new organizational structure, which combines Condé Nast and Condé Nast International into a unified global team”.
The CFO and CHRO’s exits are a sign that the reorganisation will lead to more drop-offs in its current top-rank.
Global CEO Roger Lynch is currently consolidating his authority over all of the company’s brands worldwide, including Vogue, Vanity Fair, GQ and Wired.
“One of my top priorities has been to define our organizational structure so that we can take full advantage of our unique growth opportunities and exceptional content around the world,” Lynch said when announcing new global leadership structure.
“I’m confident that our new global structure will better enable us to collaborate across teams and markets and, ultimately, deliver unparalleled experiences for our consumers and clients.”
According to the media release, the company will begin an immediate search and selection process for unfilled leadership roles in HR and finance, as well as other open roles. Until new leaders are identified, teams will maintain their existing reporting lines and responsibilities.