Condé Nast names new CEO as it heads into 'new phase' of global transformation
Condé Nast has named Roger Lynch its first global chief executive officer, as the legacy publisher looks to combine its global operation and focus around media and technology.
Roger Lynch in as new Condé Nast CEO
Lynch brings a tech background, having last served as chief executive officer at Pandora. He was also the founding chief executive of OTT service Sling TV.
Condé Nast has slumped financially recently. It lost over $120m in 2017 and recently shuttered print editions of Teen Vogue and Glamour US.
The company has since focused on its digital offerings, namely its Condé Nast Prime package for advertisers. Plus, Condé Nast launched an OTT app for its Bon Appétit sub-brand in February.
As Condé Nast continues this online push, board chairman Jonathan Newhouse said: "We believe [Lynch] is the right person to lead Condé Nast during our new phase of global integration, growth and transformation."
Newhouse added that the company was searching for an executive to run the combined Condé Nast US and Condé Nast International teams. The company has already taken efforts to streamline its multinational operations, having recently unified its 11 creative hubs for its internal ad agency.
Lynch, who officially starts on 22 April, said: "As a newly-combined global company, we have the opportunity to accelerate the evolution of the consumer experiences and value we deliver to our audiences and partners around the world. I’m very excited to work alongside the talented, passionate and creative team at Condé Nast as we drive the next phase of the company’s growth"