Stewart Reclaims Chair at MSLO
May 24, 2012,
NEW YORK-Martha Stewart has been elected non-executive chairman of Martha Stewart Living Omnimedia (MSLO), the company she founded in 1997.
She succeeds Charles Koppelman, who had served as chairman since 2005. An MSLO proxy statement in early April said Koppelman, along with directors Claudia Slacik and Todd Slotkin, were not being renominated to their positions because of the board's decision to reduce the number of directors from 12 to nine.
Stewart had served as MSLO's chairman and CEO until 2003, when she resigned during the investigation of her role in the ImClone insider-trading case. She was subsequently convicted of conspiracy, obstruction of justice and making false statements to federal investigators. As part of the settlement of the related civil case with the U.S. Securities and Exchange Commission in 2006, Stewart agreed not to serve as a director or executive with MSLO for five years. She rejoined the board in September 2011.
Other Articles By Author
Macy’s Discusses Virtual Reality Test at HFN’s Omnichannel Summit
HFN's DIGITAL EDITION
One Kings Lane Flashes Forward
Formerly a flash-sale only website, One Kings Lane—now under the ownership of Bed Bath & Beyond—evolves into a lifestyle retailer with a new physical presence.
ALSO IN THIS ISSUE:
- HFN Tech & Omnichannel Study- Although e-commerce shopping is increasing dramatically among consumers, home retailers lag in their current and future tech investments and implementation.
- Market Previews: High Point & Tabletop- The newest collections and influencer trends emerge in our High Point Market and N.Y. Tabletop Show special sections.