Roger Lynch steps down as chief executive of Condé Nast - FashionNetwork
Article excerpt
Highlighted: the sentence this signal was extracted from
After seven years at the helm of the publishing group behind the global editions of Vogue and Vanity Fair , Roger Lynch has announced his departure to become chief executive of toymaker Mattel . The executive, whose initial remit was to unite the US and international subsidiaries, is stepping down while ensuring a smooth handover with Mike Perlis, against a backdrop of rising commercial revenue and digital subscriptions. Roger Lynch's tenure at Condé Nast began in spring 2019, when he became the first chief executive officer of the group's newly unified structure. The publisher had just merged its US and international operations, prompting the departures of Bob Sauerberg and Jonathan Newhouse from their respective leadership roles. Roger Lynch was selected for his technical and media expertise, having previously led Pandora, the streaming radio service, and founded Sling TV. His brief was to steer the digital transformation of a media group that at the time claimed an audience of one billion consumers across thirty markets. Under his leadership, the company weathered the pandemic and the wider upheavals in the publishing industry. The strategy focused on expanding consumer-facing activities and events to diversify revenue streams. Since 2020, commerce revenue has reportedly risen by 170 %, while digital subscriptions have registered a sharp increase of 155 %, according to...
Keep reading with a free account
The rest of this article, and every signal for Mattel, is in your free account.
