Major Executive Shake-up at Condé Nast

Bob Sauerberg to expand role; Tom Wallace and John Bellando to exit

Condé Nast is in the midst of a major shake-up in its executive ranks that has president Bob Sauerberg greatly expanding his role and two major figures—COO and CFO John Bellando and editorial director Tom Wallace—departing the company. In a companywide memo this morning, CEO Chuck Townsend detailed a string of high-level shuffling that, he said, comes as part of a succession plan begun earlier this year.

Sauerberg “will assume a leading role in all revenue generation activities,” wrote Townsend, which includes oversight of the entire Condé Nast Media Group.

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