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Hachette's Kliger Turns Down Chairman Role

What You Should Have Read, Sept. 5, 2008

Published on .

Hachette's Kliger Turns Down Chairman Role

Portfolio's Jeff Bercovici reports that Jack Kliger won't be staying on as chairman of Hachette Filipacchi Media after all. When Kliger announced in June that he would step down on Sept. 1 as CEO of the company that publishes Elle, Car & Driver and other titles, he noted that he had been "offered the position of chairman, HFH U.S." But this morning, Kliger announced in a memo to staff that he will instead serve as senior advisor to Alain Lemarchand, Hachette's new CEO. In a memo, he wrote, "I have agreed to stay with Hachette Filipacchi Media U.S. until the end of 2008 in the role of Senior Advisor to the CEO." A Hachette spokeswoman says Kliger decided against the chairmanship "because he wants to be free to look for his next opportunity. After discussion, Jack decided this would be the role that would give Alain the greatest support in transition, but by the end of the year he will be free to do other things."
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