More talent is leaving Time Inc. as the company prepares for its spinoff from Time Warner. Connie Anne Phillips has exited fashion/beauty giant InStyle, where she was publisher of four years.
Resumes are said to be flying amid the uncertainty around the spinoff and as the search plods on for a new CEO to replace Laura Lang, who is slated to leave after the spinoff. Earlier this spring, Paul Caine left as CRO.
Another higher-up, chief research and insights officer Betsy Frank, also recently exited the company after almost seven years there. From the sales ranks, Aaron Gallagher left as digital sales director.
To be fair, the door has swung the other way, too; the company's recent hires include Moritz Loew, vp of sales for Time; and Edward Felsenthal, m.e. of Time.com.
Phillips came to InStyle in 2009 after 14 years at Vogue. In her time at InStyle, said to be one of the company’s most profitable titles, she’s led the magazine to 14 straight months of ad page growth with the March issue.
The news apparently took insiders by surprise, but by mid-afternoon, a succession plan was in place. Phillips will replaced by Karin Tracy, who is moving over from Entertainment Weekly (but spent a year as AP at the title prior to moving to EW). Melissa Mattiace, who was AP of EW, will be promoted to publisher.
The announcement was made by David Geithner, evp and group president of Time Inc.’s Style & Entertainment Group.
“After five very successful years as the Publisher of InStyle, Connie Anne Phillips has decided to take some time off before exploring new challenges,” Geithner wrote.