Martha Stewart's New President Opens Up

Meet Lisa Gersh, who's now in line to be CEO

Wednesday brought big changes for Martha Stewart Living Omnimedia, which announced that its founder and namesake is returning to the board, that Oxygen Media co-founder Lisa Gersh is in line to become its next CEO, and that the company retained Blackstone Advisory Partners, potentially putting it in play.

Speculation about Stewart’s future role had been heating up as she wraps up a five-year probationary period in which, as part of her penalty for lying to investigators over a stock sale, she was prohibited from holding any officer or director roles at the company.

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