More Changes at the Top for Time Inc. [Updated]

TimeLifeBuildingRockCenter_articleboxThe shuffling at Time Inc. continues. The New York Post reports that Leslie Picard — president of Time Inc. Branded Solutions — is the latest to leave the company. Picard had been with Time Inc. since 2008.

Picard is rumored to be leaving because new hires by Time Inc. haven’t played nice:

Picard is said to have been ‘big footed’ by the arrival of Mark Ford, an executive vice president ad sales, so much so that Ford actually wanted to move into the large office she occupied.

No one likes being big footed. Or Yeti’d, for that matter.

Picard isn’t the only big change. Eric Danetz, currently the chief revenue officer at Defy Media, is rumored to be named Fortune’s new publisher today.

The moves come amid other big changes for Time Inc. Just last week Scott Havens left The Atlantic to join the company, and Fran Hauser, a veteran of Time Inc. since 2003, departed.

Update (10:06 am):
It’s official — Danetz is Fortune’s new publisher. Jed Hartman, group publisher of Time Inc.’s News and Business Group, just sent out the announcement. You can read the memo below.


I am pleased to announce that Eric Danetz is the new Publisher of Fortune, overseeing US print, digital sales and marketing.  Eric will report to me.  Eric comes to us from Defy Media where he has been the Chief Revenue Officer overseeing US sales, marketing and strategy.  Prior to Defy, Eric has led sales teams at Newsweek Daily Beast, CBS Interactive and CNET, following roles at IDG, Business Week and Ziff Davis.  His well rounded leadership experience in the video, display, mobile and the print space across the tech, finance and consumer categories makes him extremely well suited to drive the Fortune brand to new heights especially with the exciting launch of fast approaching.  Further rounding out the package, Eric is an enormous car and watch enthusiast.  The passion for and knowledge of these vital Fortune categories will add to our capabilities for delivering for these clients.

When not in the office Eric enjoys taking a hike with his wife Tricia and their dog Ellie or coaching his son Jack and daughter Dylans’ basketball and baseball teams.  Given the opportunity he might get in a couple of sets of tennis, a round of golf or a day on the slopes but his true passion is behind the wheel of a race car on a local track.

Eric, Andy Bush, Mike Schneider and Damian Slattery will be one heck of a team to drive our business forward.  Please welcome Eric Danetz to the Fortune and Time Inc family.

Thank you.