Susan Lyne has stepped down from her posts as Martha Stewart Living Omnimedia’s (NYSE: MSO) president and CEO. In her place, MSLO is promoting Wenda Harris Millard, president of media, and Robin Marino, president of merchandising, to the roles of Co-CEO, reporting to Charles Koppelman, chairman of the board. Lyne’s departure was not a surprise; she will stay on in an advisory role for a period of time to ensure a smooth transition and will remain a director during that period. No reason was given for her decision to leave the company.
Millard, who left her post as Yahoo’s (NSDQ: YHOO) chief sales officer a year ago to join MSLO, oversees the company’s online, publishing, and broadcasting. Marino handles MSLO