Andy Sareyan, the executive responsible for Meredith Corp.'s biggest magazines, has parted ways with the company.
Mr. Sareyan, a Time Inc. veteran who joined Meredith 's magazine division five years ago as exec VP and president of Better Homes and Gardens, had risen to chief brand officer and president for consumer brands, with responsibility for the Better Homes, Ladies' Home Journal, Family Circle, Parents and More brands as well as the magazine group's digital, newsstand and licensing operations.
He had been promoted last September by the National Media Group's new president, Tom Harty, along with several other executives. But Mr. Harty's ascension to the president's post last August, filling a vacancy created when Jack Griffin left to run Time Inc., may have suggested to Mr. Sareyan that there wasn't much more upward mobility in sight at Meredith .
On Friday, Mr. Harty sent staffers a memo saying Mr. Sareyan had decided "after much consideration and deliberation" to resign his position at Meredith .
"Andy has been a passionate advocate for our brands since joining Meredith five years ago," Mr. Harty said in the memo. "I personally want to thank him for his friendship, collaboration, and his many contributions to the company during that time. We understand that this has been a difficult decision for him."
The people who reported to Mr. Sareyan now report to Mr. Harty on an interim basis, according to the memo. A Meredith spokesman declined to elaborate.
It's unclear whether Mr. Sareyan has another post lined up. Efforts to reach him on Monday were unsuccessful.
Better Homes, Family Circle and Ladies' Home Journal are three of the country's 10 biggest magazines by paid circulation.