The new board at the Reader’s Digest Association is already making some big changes at the top: CEO Mary Berner will be leaving RDA after four years in the job and will be replaced by Tom Williams, who is being promoted from his current role as CFO. In addition, Randall Curran, CEO of ITC Deltacom, is the new chairman of the board.
Williams, who has been with RDA since 2009, will also be joining the board. In addition to serving as RDA’s CFO, he is also president of one of RDA’s media and entertainment business units. Before joining the publisher, Williams was EVP and CFO for Affinion Group. He previously spent more than 21 years with AT&T (NYSE: T) Inc. where he held a series of senior executive positions including CFO of AT&T Networks.
Berner helped steer RDA through its most difficult period in its 89-year history. The publisher, which filed for Chapter 11 protection in August 2009. It emerged from bankruptcy the following February.
Saying she needed to keep the company’s finances stable, Berner cut lay off 10 percent-roughly 270 positions-of its worldwide staff last June. In another cost-cutting move, RDA, which has nine mags (with a million-plus circ) and 78 websites, moved out of its Pleasantville, NY headquarters to a smaller space in Manhattan.