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Three Veteran Time Inc. Execs Leaving

Heads of Southern Progress, Interactive and Time Magazine Exit As Company Restructures

By Published on .

NEW YORK (AdAge.com) -- Several top executives are exiting Time Inc. as the company embarks on an aggressive reorganization that includes the elimination of somewhere between 300 and 700 jobs.
Ned Desmond
Ned Desmond

Ned Desmond, president of Time Inc. Interactive and a 22-year company veteran, is leaving as a direct result of the changes, which will arrange each of its 24 magazines and companion sites into three business units. Digital responsibilities are now being handed to the new teams in those business groups.

Tom Angelillo, CEO of the Southern Progress division and a 33-year veteran of Southern Progress, is leaving as well, the company said today. The titles that belong to Southern Progress -- such as Health, Cooking Light, Cottage Living and Sunset -- are becoming part of the lifestyle business unit. Sylvia Auton, exec VP at Time Inc., has been tapped to run the lifestyle division.
Ed McCarrick
Ed McCarrick

And though the news was overshadowed by word of the reorganization, Time Inc. also said Tuesday that Time magazine president and worldwide publisher Ed McCarrick is leaving the company. Mr. McCarrick, who began as a sales trainee in 1973, also spent years at People and then Life magazine as publisher.
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