NEW YORK After four years at the helm, Susan Lyne has stepped down as president and CEO of Martha Stewart Living Omnimedia. The company has promoted Wenda Harris Millard, president of new media who joined a year ago after leaving Yahoo! amidst a sales reorganization, and Robin Marino, president of merchandising, to co-CEOs, according to an MSLO announcement.
The move likely signals a shift to a greater emphasis on digital platforms, given Millard’s pedigree.
“The company has got to rely very heavily on digital and merchandising and so you’ve got very talented and powerful executives there who basically hold the secret of the future of the company in their hands,” said one media observer.
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