Accomplished Time Warner Executive to Join Media and Merchandising
Company's Executive Team
NEW YORK, March 26 /PRNewswire-FirstCall/ -- Martha Stewart Living
Omnimedia, Inc. (NYSE: MSO) today announced the appointment of Kelli Turner as
Chief Financial Officer and Executive Vice President. Ms. Turner will report
to MSLO Executive Chairman Charles Koppelman, working closely with MSLO's
Co-CEOs Wenda Harris Millard, President of Media, and Robin Marino, President
of Merchandising.
As CFO, Ms. Turner will be responsible for all aspects of the Company's
financial operations, while working closely with the executive team in shaping
MSLO's business strategy and capital allocation process. She will have
oversight responsibility for financial planning, treasury, financial
compliance and reporting, and investor relations, as well as key
administrative functions. Ms. Turner fills the position previously held by
Howard Hochhauser, who departed the Company in December 2008.
In announcing the appointment, Mr. Koppelman stated, "Kelli's robust skill
set, including extensive experience in finance, operations and business
development, makes her an ideal fit for MSLO. She is smart and collaborative,
with a deep understanding of the investment community. We are thrilled to have
her join our executive team."
"I'd like to thank MSLO's Controller, Allison Jacques, for serving as our
Principal Financial Officer, during this interim period. She and our talented
financial organization will continue to make invaluable contributions to
MSLO," Mr. Koppelman added.
A lawyer and a CPA with significant experience in the media industry, Ms.
Turner joins MSLO from Time Warner where she held the position of Senior Vice
President, Operations in the Office of the Chairman and CEO. Prior to that,
she served as SVP, Business Development for New Line Cinema after having
served as Time Warner's Vice President, Investor Relations. Ms. Turner worked
in investment banking for many years with positions at Allen & Company and
Salomon Smith Barney prior to joining Time Warner. Early in her career, she
also gained tax and audit experience as a registered CPA at Ernst & Young,
LLP.
"MSLO's brand strength and successful multiplatform approach makes it one
of the most recognized brands in the world," said Ms. Turner. "I'm very
excited to be joining this dynamic company with such phenomenal assets and a
wealth of untapped opportunities ahead. I have great respect for what Martha
Stewart has created and look forward to working with Charles, Wenda, Robin and
MSLO's finance team to continue to build on the company's strong foundation
and execute on its growth strategy," said Ms. Turner.
Ms. Turner received her undergraduate business degree and her law degree
from The University of Michigan.
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, as well as wedding-planning tools powered by WeddingWire. The
Broadcasting segment produces such programming as the Emmy-winning daily,
nationally syndicated television series, "The Martha Stewart Show," and Martha
Stewart Living Radio on SIRIUS channel 112 and XM Radio 157. 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 at Wal-Mart, Michaels and independent
retailers, Martha Stewart for 1-800-FLOWERS.COM and a co-branded food line
with Costco. In 2008, Emeril Lagasse joined the Martha Stewart family of
brands; MSLO acquired 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 www.marthastewart.com.
SOURCE Martha Stewart Living Omnimedia, Inc.
CONTACT: Media: Elizabeth Estroff, SVP, Corporate Communications,
Martha
Stewart Living Omnimedia, Inc.
+1-212-827-8281 or eestroff@marthastewart.com;
Katherine Nash, Corporate Communications Director,
Martha Stewart Living
Omnimedia, Inc.,
+1-212-827-8722, knash@marthastewart.com/
Web Site: http://www.marthastewart.com /
(MSO)
