Good news: It looks like Martha’s going to stick around for a little while longer! Today, MSLO announced the extension of Martha’s employment agreement. Her title has officially been changed to Founder and Chief Creative Officer. Lisa Gersh, former Chief Operating Officer has been named Chief Executive Officer. MSLO stock ticked upward on the news that there will still be some “Martha” in Martha Stewart for a few more years. If you want to see some legal gobbledygook on the matter, then click here.
FOMs: Do you think Martha will ever retire from the company? Her passion for learning and sharing what she learns seems to be such an essential part of who she is that it’s difficult to imagine she will ever stop–don’t you agree?
From Marketwatch/PR Newswire:
Martha Stewart Living Omnimedia, Inc. today announced that Martha Stewart has extended her employment agreement with the Company until June 30, 2017. The agreement names Stewart Founder and Chief Creative Officer. Stewart continues to serve as Non-Executive Chairman of the Board.
Lisa Gersh, President and Chief Operating Officer and a member of the Board of Directors since 2011, has been named Chief Executive Officer. Gersh will continue to report to the Board of Directors.
“I am excited by the many phenomenal projects we have underway at Martha Stewart Living Omnimedia,” said Stewart. “I look forward to continuing my work with Lisa, our executive management and creative teams and our strategic partners to continue growing our strong and far reaching brand both domestically and abroad.”
“I look forward to continuing our drive towards sustainable profitability,” said Gersh. “We are focused on elevating the iconic Martha Stewart brand to an even higher level and putting our content and products in reach of even more consumers.”