New Chairman to Head Martha Stewart Living

21 June 2005

US domestic diva Martha Stewart has a new chairman at the helm of her media company.

The move is the latest in an executive shuffle designed to restore the fortunes of Martha Stewart Living Omnimedia, following its founder's legal troubles. She was jailed for five months last year and is now under a similar spell of house arrest for lying over share dealings.

The new man at the top has been named as entertainment executive, Charles Koppelman, current vice-chairman and company consultant. He succeeds Thomas Siekman, who has been in the role less than a year.

Koppleman claims it was his idea to sign at $30 million (€23m, £15.7m) deal with Sirius Satellite Radio earlier this year to create a 24-hour channel featuring cooking, gardening and entertaining programming for women [WARC: 20-Apr-05].

Says company president and ceo Susan Lyne: "Charles has already made significant contributions to our business development and strategic planning. I know that his experience and good counsel will help drive our momentum going forward."

Data sourced from USA Today Online; additional content by WARC staff