Feb. 22 (Bloomberg) -- Time Inc., the magazine publisher owned by Time Warner Inc., said Randall Rothenberg, who in January became its first chief digital officer, resigned to go back to his former job.
Rothenberg will return as president and chief executive officer of the Interactive Advertising Bureau, which he led for almost four years before joining Time, according to statements today from the publisher and the New York-based digital trade group.
The announcement of Rothenberg’s departure came less than a week after Jack Griffin, the chief executive officer of Time Inc., left the company after six months in the post.
Jeff Bewkes, CEO of New York-based Time Warner, last week said he concluded that Griffin’s “leadership style and approach did not mesh with Time Inc. and Time Warner.” Griffin followed with a statement disputing Bewkes’s characterization and saying that his leaving “was clearly not about management style or results.”
When Griffin hired Rothenberg at the magazine publisher, he called him “the ideal candidate to lead Time Inc.’s digital growth strategy.”
Time Warner fell 48 cents to $37.70 at 4:15 p.m. in New York Stock Exchange composite trading. The shares have gained 17 percent this year.
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