It’s Official! Time Inc. Announces Griffin Will Succeed Moore as CEO

Jack_Griffin08092010.jpgIt only took five days for Time Inc. to catch up with David Carr’s scoop from last week, but in the spirit of “Better late than never,” the company has now officially announced that ex-Meredith Corp. exec Jack Griffin will be taking over for outgoing CEO Ann Moore at the end of September.

“I am delighted that Jack is joining Time Inc. He is an exceptional executive who knows how to expand the reach and relevance of strong publishing brands, and he will be a champion of our high-quality journalism. As CEO, Jack will further advance our lead position in the industry and accelerate the expansion and innovation of our titles on all platforms,” said Time Warner CEO Jeff Bewkes in a statement.

Moore is retiring after 32 years with the company. She’ll be staying on as chairman of the company, though, per a memo published by the New York Observer. Moore also said:

Coming off the earnings announcement last week, it’s clear we’re in a good place. Time Inc. is home to the most respected journalists and marketers in the business. The content we create is now consumed by more than 138 million people every month. We’re experiencing big momentum in digital and the future looks very bright, thanks to our best asset – our people. It’s a great time for Jack to take the reins.

(h/t All Things Digital)