Former Martha Stewart Living Omnimedia CEO Lisa Gersh has been tapped as the new CEO of goop, a lifestyle and ecommerce company founded by actress Gwyneth Paltrow in 2008.
Capping a year of turmoil that included layoffs, titles closing and the failure of its Hallmark Channel show, Martha Stewart Living Omnimedia’s president and CEO Lisa Gersh is out.
Martha Stewart Living Omnimedia has extended its namesake founder's contract for another five years. Martha Stewart, who rejoined her company’s board last September after resigning as chairman in 2003, will have the titles of founder and chief creative officer. She will also remain MSLO’s non-executive chairman, a title she took earlier this summer.
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.