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IPC Media chief executive to retire IPC Media chief executive to retire
(6 months later)
Sylvia Auton, the chair and chief executive of Marie Claire publisher IPC Media, is to retire after 36 years with the company.Sylvia Auton, the chair and chief executive of Marie Claire publisher IPC Media, is to retire after 36 years with the company.
Auton, 63, has been chief executive of the UK's largest magazine company – publisher of titles including Ideal Home, Woman's Own, InStyle and Now – since 2003.Auton, 63, has been chief executive of the UK's largest magazine company – publisher of titles including Ideal Home, Woman's Own, InStyle and Now – since 2003.
She moved to the US to take the role of executive vice president at parent publishing company Time Inc in 2007, retaining the role of chair at IPC, but returned to the UK four years later to resume the chief executive role.She moved to the US to take the role of executive vice president at parent publishing company Time Inc in 2007, retaining the role of chair at IPC, but returned to the UK four years later to resume the chief executive role.
"With vision, with the best people working as a team, with great brands and with hard, hard work, IPC has become one of the most successful and influential media companies in the UK," said Auton. "I've been part of as dramatic an evolution as you'll find in any business anywhere"."With vision, with the best people working as a team, with great brands and with hard, hard work, IPC has become one of the most successful and influential media companies in the UK," said Auton. "I've been part of as dramatic an evolution as you'll find in any business anywhere".
Auton will retire on 3 May, with the company saying only that a successor will be appointed "in due course".Auton will retire on 3 May, with the company saying only that a successor will be appointed "in due course".
It is not known if Time Inc intends to look outside the company for a replacement, however, insiders point to internal prospects such as Paul Williams, who runs the Inspire specialist division, and Jackie Newcombe, who runs fashion brands, as contenders.It is not known if Time Inc intends to look outside the company for a replacement, however, insiders point to internal prospects such as Paul Williams, who runs the Inspire specialist division, and Jackie Newcombe, who runs fashion brands, as contenders.
Evelyn Webster, executive vice president of Time Inc, paid tribute to Auton saying she had transformed the publisher from "the ministry of magazines" into "the modern, multi-platform media company it is today".Evelyn Webster, executive vice president of Time Inc, paid tribute to Auton saying she had transformed the publisher from "the ministry of magazines" into "the modern, multi-platform media company it is today".
"And personally, I would like to thank her for her support, her wisdom, and her friendship," she said."And personally, I would like to thank her for her support, her wisdom, and her friendship," she said.
The news of Auton's departure comes a month after Time Warner said that it intends to spin off magazine unit Time Inc, which includes titles such as People and Sports Illustrated, into a separate, publicly traded company.The news of Auton's departure comes a month after Time Warner said that it intends to spin off magazine unit Time Inc, which includes titles such as People and Sports Illustrated, into a separate, publicly traded company.
The announcement prompted Time Inc chief executive Laura Lang to announce she is to stand down when the spin-off is complete. Time Warner chief executive Jeff Bewkes said the company wanted to focus on its film and TV business, which includes Warner Bros pictures.The announcement prompted Time Inc chief executive Laura Lang to announce she is to stand down when the spin-off is complete. Time Warner chief executive Jeff Bewkes said the company wanted to focus on its film and TV business, which includes Warner Bros pictures.
The plan to spin-off the magazine business was announced following a breakdown in February of talks with Meredith Corporation, owner of titles including Better Homes and Gardens and Family Circle, to merge its publishing arm Time Inc.The plan to spin-off the magazine business was announced following a breakdown in February of talks with Meredith Corporation, owner of titles including Better Homes and Gardens and Family Circle, to merge its publishing arm Time Inc.
In January, Time Inc said it was cutting nearly 500 jobs, about 6% of its 8,000 global staff, with the UK magazine operation cutting 150 jobs or about 8% of the total staff employed.In January, Time Inc said it was cutting nearly 500 jobs, about 6% of its 8,000 global staff, with the UK magazine operation cutting 150 jobs or about 8% of the total staff employed.
Auton joined IPC in 1977 as a marketer. She moved through IPC's management ranks and in 1998 was made head of IPC Inspire, the UK's largest specialist publishing company. In 2001, she was instrumental in Time Warner's £1.15bn acquisition of IPC Media.Auton joined IPC in 1977 as a marketer. She moved through IPC's management ranks and in 1998 was made head of IPC Inspire, the UK's largest specialist publishing company. In 2001, she was instrumental in Time Warner's £1.15bn acquisition of IPC Media.
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