• Condé Nast Shakeup Begins, More Actions Said on the Way

Condé Nast Shakeup Begins, More Actions Said on the Way

Following another challenging year, Condé Nast once again finds itself under pressure to cut costs and reverse declines in its bottom line. As it tries to change course, the New York-based publisher, helmed by president and chief executive officer Bob Sauerberg, on Monday looked at the top of the organization, uprooting two senior-level executives and adding a key hire to help restructure the business. The publisher tapped Jim Norton, a well-known AOL executive, for the new role of chief business officer and president of revenue. As Norton’s appointment was revealed, company stalwarts Edward Menicheschi, president of Condé Nast Media Group and chief marketing officer, and Jill Bright, chief administrative officer, with 55 years of Condé experience between them, exited. The departure of Menicheschi and Bright from the company in a sense signals a larger changing of the guard. Always known to be a Sauerberg protégé of sorts, Menicheschi leaving Condé sends yet another signal to employees at One World Trade that a larger shakeup is looming. As for Bright, she had always been seen as part of former ceo and current chairman Charles Townsend’s team and her departure has stirred speculation over his potential retirement. Inside Condé Nast on Monday, employees characterized the changes in myriad ways. Some expressed shock at

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