Dust Begins to Settle at Time Inc.

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By Chris O'Shea Comments

Time Inc. has divided duties among three top executives to oversee things until the company finds a replacement for Jack Griffin. Dubbed the Three Wise Men (don’t quote us on that) the trio includes Chief Financial Officer Howard Averill, Editor-in-Chief John Huey and General Counsel Maurice Edelson.

Averill’s duties are expanding the most of the three to include U.S. marketing and ad sales, as well as Time Inc. operations based in Mexico and Britain. Huey continues to be in charge of editorial content for such heavy hitters as Sports Illustrated, Time and Fortune. Edelson, meanwhile, sees his responsibilities grow to include managing Time Inc.’s administrative groups.

No word on if the three execs will retain these added duties when a new CEO is found, or where the trio plans on finding gold, frankincense, and myrrh in the city, but we’ll keep you posted.