NEW YORK, March 28, 2008 /PRNewswire-FirstCall via COMTEX News Network/ -- Martha Stewart Living
Omnimedia, Inc. (NYSE: MSO) today announced that its Board of Directors has
elected Charlotte Beers and Todd Slotkin as members of the Board of Directors.
Ms. Beers and Mr. Slotkin will replace Jill A. Greenthal and Bradley E.
Ms. Beers' election marks her return to MSLO's Board; she served as a
director from 1999 to 2001, resigning to take a role in the Bush
Administration as U.S. Undersecretary of State for Public Diplomacy and Public
Affairs from October 2001 through March 2003. A pioneering woman in
advertising, Ms. Beers joined the State Department after having held the
position of Chairman and CEO at Ogilvy & Mather and then Chairman at J. Walter
Thompson Worldwide. Upon her departure from the State Department, she was
awarded the Distinguished Service Medal, the highest honor the State
Department bestows. She has also been honored with the prestigious Matrix
Award from New York Women in Communications for her outstanding
accomplishments in advertising. In 1997, Fortune magazine put her on the cover
of their first issue to feature the most powerful women in America.
Mr. Slotkin has held leadership positions in the world of finance for more
than 30 years. He served as Managing Director and co-head of Natixis Capital
Markets Leveraged Finance business from 2006 to 2007. Previously, Mr. Slotkin
served as Executive Vice President and Chief Financial Officer of MacAndrews &
Forbes Holdings, Inc. from 1999 to 2006; he joined the company in 1992 as a
senior vice president. In addition, he was Chief Financial Officer of the
publicly owned M & F Worldwide Corp. from 1999 to 2006. Prior to that, he
spent over 17 years with Citicorp, now known as Citigroup, serving most
recently as director of Citicorp North America, N.A. He was a key architect
and senior credit officer in building Citicorp's market leadership in
leveraged buyouts. A founding member, director, and chairman of the Food
Allergy Initiative, Mr. Slotkin is also a manager on the Board of Managers of
Allied Security Holdings and an outside board member of CBIZ, Inc.
MSLO Chairman Charles Koppelman stated: "Charlotte and Todd bring
outstanding leadership and valuable expertise to our Board, and that is
important as they are replacing two accomplished individuals in Jill and Brad
whose contributions in their time serving MSLO are greatly appreciated.
Charlotte's creativity along with her rich understanding of branding and
marketing make her a natural fit at MSLO. We're thrilled to have her back.
We're equally pleased to welcome Todd, who has a distinguished background in
corporate finance and acquisitions. We look forward to working with them as
we continue to grow our company and build shareholder value."
"I am honored to be returning to MSLO and to be part of an outstanding
Board at a company I've known and admired since its inception. MSLO has
accomplished so much in what has been nearly 10 years as a public company and
I look forward to contributing to its bright and exciting future," said Ms.
"I see countless opportunities for MSLO on the horizon and, as a member of
this distinguished board, I am very happy to work with MSLO's strong
management team to help chart this singular company's course," said Mr.
MSLO's board is comprised of seven members. In addition to Mr. Koppelman,
Mr. Slotkin, and Ms. Beers, directors include MSLO President and CEO Susan
Lyne; Thomas C. Siekman, Lead Director and Former SVP and General Counsel of
Compaq Computer Corporation; Rick Boyko, Managing Director of VCU Brandcenter;
and Michael Goldstein, former Chairman of the Board and Chief Executive
Officer of Toys "R" Us, Inc.
About Martha Stewart Living Omnimedia, Inc.
Martha Stewart Living Omnimedia, Inc. (NYSE: MSO) is a diversified media
and merchandising company, inspiring and engaging consumers with unique
lifestyle content and distinctive products. The Publishing segment encompasses
four magazines, including the company's flagship publication, Martha Stewart
Living, periodic special issues and books. The marthastewart.com website
provides consumers with instant access to MSLO's multimedia library, search
and find capabilities, recipes, online workshops, community and
personalization tools and more. The Broadcasting segment produces such
outstanding programming as the Emmy-winning daily, nationally syndicated
television series, "The Martha Stewart Show" and Martha Stewart Living Radio,
channel 112 on SIRIUS Satellite Radio. In addition to its media properties,
MSLO offers high quality Martha Stewart products through licensing agreements
with carefully selected companies, including the Martha Stewart Collection
exclusively at Macy's, Martha Stewart Everyday at Kmart, Martha Stewart Crafts
with EK Success and a co-branded food line with Costco. In February 2008,
Emeril Lagasse agreed to join the Martha Stewart family of brands. During the
second quarter of 2008, MSLO expects to complete the acquisition of the assets
related to Lagasse's media and merchandising business, including television
programming, cookbooks, and emerils.com website and his licensed kitchen and
food products. For additional information about MSLO, visit
SOURCE Martha Stewart Living Omnimedia, Inc.