MSLO Appoints Daniel Dienst CEO

Five years ago stock of Martha Stewart Living Ominmedia traded at around $36 a share and founder Martha Stewart‘s TV shows were all over first-run and syndication. Today shares are trading at $2.40 after the company’s board of directors announced that Daniel Dienst has been named CEO to spearhead the strategy of “renewed growth” at the media company, which has its hands in magazines, books, TV and radio. Former CEO Lisa Gersh said in December she was stepping down after having been in the job only a few months. Dienst is a turnaround guy but not in the media field: He most recently was CEO of Sims Metal Management. He had been on the MSLO board chaired by Stewart and will remain there. Here’s the release:

NEW YORK, Oct. 28, 2013 — Martha Stewart Living Omnimedia, Inc. (“MSLO”) (NYSE: MSO) and its Board of Directors today announced that Daniel W. Dienst has been named Chief Executive Officer. Mr. Dienst is a highly accomplished CEO who has successfully repositioned and grown publicly-held companies. Mr. Dienst was recently appointed to the MSLO Board of Directors and will continue to serve in that role. (more…)

This article was printed from https://deadline.com/2013/10/martha-stewart-living-ceo-daniel-dienst-621613/