NEW YORK, July 25 /PRNewswire-FirstCall/ -- Martha Stewart Living
Omnimedia, Inc. (NYSE: MSO) today announced two appointments, solidifying the
executive-level tier as the company continues to strategically expand its
business. Howard Hochhauser has been named Chief Financial Officer. Holly
Brown assumes the title of President of the company's Internet business
segment.
As CFO, Mr. Hochhauser will play a pivotal role in determining MSLO's
business strategy and capital allocation process. He will have oversight
responsibility for key administrative functions, including investor relations,
corporate communications and facilities. He has been filling this role since
becoming Acting CFO in March of this year. Mr. Hochhauser reports to MSLO
President and Chief Executive Officer Susan Lyne.
In announcing the new appointments, Susan Lyne, President and Chief
Executive Officer of MSLO, stated, "Howard is already a familiar and very
valuable presence at MSLO. He brings to the job a depth of knowledge, a keen
understanding of the company and a strategic mindset that are tremendous
assets to our business. We know he will continue his tenure with the
thoughtful intelligence, attention to detail and collaborative spirit that his
colleagues have come to expect from him."
Mr. Hochhauser joined MSLO in May 2000. Prior to becoming Acting CFO, he
served as the company's Vice President, Finance and Investor Relations,
beginning in March 2002, overseeing MSLO's financial planning and budgeting as
well as investor relations initiatives, and acting as the primary contact for
the company within the investment community. From 1996-2000, Mr. Hochhauser
was at Bear, Stearns & Co. in the equity research department where he most
recently served as Vice President. Previously, he worked at Credit Suisse
First Boston and KPMG Peat Marwick.
Mr. Hochhauser, a certified public accountant, has a master's degree in
business administration from Columbia University and a bachelor's degree in
accounting from Boston University. He and his wife, Cindy, live in New York
City with their daughter.
"I'm pleased to be playing a part in realizing the full potential of this
extraordinary company. Having worked at MSLO for the past six years, I believe
in this brand and our long-term growth prospects. My focus will continue to be
on allocating resources among a variety of growth opportunities while
leveraging our existing assets," said Mr. Hochhauser.
As President of the company's Internet business, Ms. Brown is charged with
developing the internet strategy and overseeing all business and operations
relating to the marthastewart.com website and the digital distribution of the
company's asset library. She has been working as a consultant at MSLO since
October 2005. She reports to Ms. Lyne.
"Digital platforms will be key drivers of our long-term growth. Holly has
a firm grasp of our goal to make marthastewart.com an important lifestyle
destination, where users are empowered to find, learn, act, create, and share
online. In addition to taking the lead in overhauling our website and building
our internet team, she played a key role in forging our new partnership with
Kodak Imaging to introduce a line of branded Martha Stewart personalized
digital products. We are pleased to be formalizing a role she has been filling
so astutely and with such tremendous dedication," said Ms. Lyne.
Before joining MSLO, Ms. Brown worked at Yahoo! where she held various
positions of increasing responsibility from 1999 to 2005, most recently as
Chief of Staff for Chief Operating Officer Dan Rosensweig. Prior to that, she
held business and general management positions in Yahoo! Finance, helping to
build and develop the content property. Previously, she worked as an
investment banker in mergers and acquisitions at Montgomery Securities and JP
Morgan.
Ms. Brown received her master's degree in business administration from the
Wharton School and a bachelor's degree in economics from Vanderbilt
University. She lives in Summit, New Jersey, with her husband and two
children.
"From its how-to content, evergreen multimedia library, passionate
consumer following and cross-platform distribution, MSLO is teed up well to
take advantage of the digital world. I'm thrilled to be in a position to help
shape and develop the company's digital offerings," said Ms. Brown.
About Martha Stewart Living Omnimedia, Inc.
Martha Stewart Living Omnimedia, Inc. (MSLO) is a leading provider of
original "how-to" information, inspiring and engaging consumers with unique
lifestyle content and high-quality products. MSO is organized into four
business segments: Publishing, Broadcasting, Merchandising, and Internet.
Martha Stewart Living Omnimedia, Inc. is listed on the New York Stock Exchange
under the ticker symbol MSO.
SOURCE Martha Stewart Living Omnimedia, Inc.
CONTACT: Media: Elizabeth Estroff, VP, Corporate Communications,
+1-212-827-8281, or Investors: Howard Hochhauser, Chief Financial Officer,
+1-212-827-8530, both of Martha Stewart Living Omnimedia, Inc. /
/Web site: http://www.marthastewart.com
http://www.marthastewart.com/ir /
(MSO)
