Time Inc. Names Rich Battista CEO

It's a new day.

Time Inc. has elevated Rich Battista to president and CEO and shifted Joe Ripp to its board of directors as executive chairman.

Ripp joined Time Inc. as CEO in 2013. He previously worked for the company as senior vp, chief financial officer, from 1993 to 1999.

Battista, most recently executive vp and president of brands, joined Time Inc. last year. He previously served as CEO of Mandalay Sports Media.

In a statement about his promotion, Battista looked forward.

“I am thrilled and honored to lead this great organization and its exceptionally talented employees, particularly as we aggressively move to unlock the enormous potential of our brands across the media landscape. During this dynamic time in media, we are transforming Time Inc. to a cross-media company and are uniquely positioned to leverage our brands, scale, data and insights to significantly grow new lines of business in service to advertisers, marketers and consumers. I am eager to get started and to win.”