MANAGEMENT CHANGES AT PUBLISHER G&J

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(Aug. 10, 2001) -- In the week following the sudden defection of its Business Information Group CEO, David Carey, back to his original perch as publisher of Conde Nast Pubilcations' New Yorker, Gruner & Jahr USA Publishing shuffled its top management.

Cindy Spengler, former vice president and publisher of Hearst Magazines' House Beautiful and senior adviser to G&J, was named chief marketing officer. In addition, broadened planning and product licensing responsibilities were announced for top G&J executives Dan Rubin, now senior vice president of business development and strategic planning.

Peg Farrell, publisher of Family Circle, was promoted to senior vice president, and CFO Andreas Dietrich was given additional responsibilities in anticipation of G&J's parent company, Bertelsmann AG, going public in the next few years.

CEO Dan Brewster also informed staffers he would be replacing Mr. Carey, which earlier had not been certain. -- Jon Fine

Copyright August 2001, Crain Communications Inc.

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