Time Inc. is parting ways with another executive hired during the brief reign of Jack Griffin, who was ousted in February after about five months in the post. This time it's John Q. Griffin, the former National Geographic executive recruited in December to be exec VP and president of the newly created news group, comprising Time , Fortune, Money and Life.
It took only days after Jack Griffin's exit for another of his hires, Randall Rothenberg, to abandon the chief digital officer post at Time Inc. and return to run the Interactive Advertising Bureau again. John Q. Griffin is leaving now "by mutual agreement," Time Inc. said.
"He has been a valued colleague, and we appreciate and thank him for the contributions he has made to the company," said Howard Averill, exec VP and CFO at Time Inc. as well as a member of the triumvirate running it on an interim basis, in a memo to the news group. The publishers of Time , Fortune and Money, who had reported to Mr. Griffin since his appointment, now report to Mr. Averill.
In related changes today, Time publisher Kim Kelleher was promoted to worldwide publisher, assuming some of the duties that had been handled by Mr. Griffin. Richard Evans, the president of Time & Fortune International who had reported to Mr. Griffin, now reports to Ms. Kelleher, although he will work with Jed Hartman, group publisher at Fortune and CNNMoney.com, on Fortune's international business.