Martha Stewart Living Omnimedia appoints Ken West, previously CFO of Marvel Entertainment, as CFO
September 6, 2011
– Martha Stewart Living Omnimedia, Inc. (NYSE: MSO) today announced the appointment of Ken West as Chief Financial Officer. Mr. West joins MSLO from Marvel Entertainment, a brand-driven licensing and media company, where he had served as Executive Vice President and Chief Financial Officer since 2002.
In this position, Mr. West will be responsible for the Company's financial operations, while working closely with the executive team in shaping MSLO's business strategy and capital allocation process. He will have oversight responsibility for financial planning, treasury, financial compliance and reporting, investor relations, and related functions. He assumes the role from Interim CFO Allison Jacques, who remains with MSLO as SVP Controller.
President and Chief Operating Officer Lisa Gersh stated, "Ken is a proven and polished financial professional with specific experience in managing a high-profile, brand-driven company with segments that align closely with our publishing, merchandising and broadcasting businesses. Ken's ability to drive operational excellence as well as to help identify and realize new business opportunities makes him a great addition to our team as we focus on taking MSLO to the next level. I also want to thank Allison Jacques on behalf of the company for her strong stewardship as our Interim CFO."
MSLO Founder Martha Stewart said: "I welcome Ken and the financial expertise he brings to our team."
"I'm excited to be joining Martha Stewart Living Omnimedia, with its strong collection of brands and well-positioned merchandising and media businesses. I look forward to working with the excellent team that Lisa is assembling, and doing my part to enhance the company's operating and financial performance on behalf of the company's shareholders," said Mr. West.
Prior to joining Marvel in 2002, Mr. West, a CPA, was CFO of two middle-market, privately held companies, and spent over 15 years with the Stamford, Connecticut office of Ernst & Young, principally in the auditing division serving middle-market and entrepreneurial growth entities. Mr. West is a graduate of Carnegie Mellon University.
About Martha Stewart Living Omnimedia, Inc.
Martha Stewart Living Omnimedia, Inc. (NYSE: MSO) is a diversified media and merchandising company, inspiring and engaging consumers with unique lifestyle content and distinctive products. The Publishing segment encompasses the company's print and digital businesses and is comprised of four magazines, including MSLO's flagship publication, Martha Stewart Living, periodic special issues, books, websites, digital apps, blogs, and more. The Broadcasting segment produces the Emmy-winning, daily television series, "The Martha Stewart Show," and other original programming on Hallmark Channel, including "Mad Hungry with Lucinda Scala Quinn." Broadcasting also encompasses Martha Stewart Living Radio on SIRIUS XM Channel 110. In addition to its media properties, MSLO offers high-quality Martha Stewart products through licensing agreements with carefully selected companies, including the Martha Stewart Collection exclusively at Macy's, the Martha Stewart Living line of home-improvement products at The Home Depot, Martha Stewart Crafts with EK Success at Michaels, Jo-Ann Fabric, and independent retailers, the Martha Stewart Pets line at PetSmart. In 2008, Emeril Lagasse joined the Martha Stewart family of brands; MSLO acquired the assets related to Lagasse's media and merchandising business, including television programming, cookbooks, and emerils.com website and his licensed kitchen and food products. For additional information about MSLO, visit www.marthastewart.com.