The Chairman and CEO of Time Inc., Jack Griffin is about to depart from his post in the magazine publisher, half a year following his appointment to the job.
This alteration in the management got declared in a memo on Friday to the people who work for Time Inc. by the CEO of Time Warner Inc., Jeff Bewkes. Time Warner Inc. is a parent company based in New York.
According to Bewkes, the head of the magazine division is going to be an interim management committee till the time a permanent successor is selected.
Griffin had been appointed at the post of chairman and CEO of the unit last year back in the month of August, in place of Ann Moore, who had her retirement after working for thirty two years in the company.
According to Ken Doctor, a media analyst at Outsell Inc. in Santa Cruz in California, Griffin’s sudden leave underscores the difficulty there can be that the newcomers face to get into the culture of Time, an editorial group that is imbued with tradition.
Bewkes told all the employees in his memo that Griffin had to leave because he didn’t fit in with the company.