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Martha Stewart Living names board member as CEO

October 28. 2013 9:39AM
Associated Press

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(AP) Martha Stewart Living Omnimedia Inc. has named board member Daniel W. Dienst as its CEO.

Dienst takes over the post from Lisa Gersh, who stepped down in December after less than a year on the job.

Martha Stewart Living has been trying to turn its business around. Nearly a year ago it announced that it would downsize its magazines and cut publishing jobs to focus on online video and other digital content.

Martha Stewart Living found Dienst as a good fit due to his success with repositioning and growing public companies.

Dienst most recently served as CEO of Sims Metal Management Ltd, which he helped guide through the recession after the sale of its predecessor company to Sims. He served as chairman and CEO of Metals USA Inc. after its restructuring until it was sold.

Associated Press

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