Martha Stewart's Got A New CFO

Martha Stewart Living Omnimedia has hired Kelli Turner, a Time Warner vet, to be the company's new CFO and executive vice president, PaidContent reports. "Before joining MSLO, Turner was SVP for operations in the Office of the Chairman and CEO at Time Warner; she previously held positions at New Line Cinema as well as investment banks Allen and Company and Salomon Smith Barney." Press release after the jump. NEW YORK, March 26, 2009 /PRNewswire-FirstCall via COMTEX/ -- Martha Stewart Living Omnimedia, Inc. 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.

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Martha Stewart's Got A New CFO

Rachel Kaufman

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