KELSO SUTTON NAMED EXECUTIVE VICE PRESIDENT OF TIME INC.
NEW YORK, March 16 /PRNewswire/ -- Kelso Sutton has been named an Executive Vice President of Time Inc., it was announced today. Sutton, 54, was most recently president of Time Inc.'s book division. That position is being eliminated. Book-of-the-Month Club, Time Life Inc., and Time Warner Trade (which consists of Little, Brown and Warner Books), the division's units, will now report to Reginald K. Brack Jr., chairman and chief executive officer of Time Inc., and Don Logan, president and chief operating officer. "As we move into the rapidly changing and highly competitive environment of the '90s, we felt that it is important to align the management of our book publishing operations with that of our magazines. This will result in an even closer working relationship with magazines, thus enabling us to take better advantage of numerous marketing opportunities," said Brack. In his new role, Sutton will work directly with Brack and Logan on some important areas of development including getting Time Inc.'s products and services on the new electronic superhighway, a Time Warner corporate strategic objective, and broadening Time Inc.'s international expansion. "We're certain that these areas can greatly benefit from Kelso's experience, intelligence, energy and imagination," said Brack. In commenting on Sutton, Brack said, "Kelso's career at Time Inc. has been impressive. Most recently, under his leadership our book operations has become a billion-dollar-plus business; new revenue and profit records have been set in several units; and fresh markets such as juvenile publishing, video and music sales, and new book clubs have been established. Lately, Little, Brown and Warner titles have had strong representation on national best-seller lists, Time Life has delivered record profits, and BOMC has been revitalized and is growing again. Kelso has made an immeasurable contribution to our book division's success." Sutton joined Time Inc. in 1961, became business manager of Time magazine in 1964 and rose to general manager in 1968. In 1972, he was appointed corporate circulation director. At the same time, he was elected a vice president of Time Inc. As corporate circulation director, Sutton was closely associated with the launching of Money and People magazines. In 1976, for a period of six months, he served as editor of the magazine development group. Following that, he was named vice president-magazines, and for two years served as deputy to Time Inc.'s group vice president-magazines. In June 1978 Sutton was appointed publisher of Sports Illustrated. He became vice president-magazines of Time Inc. on Jan. 1, 1981. In March 1984 he was named an executive vice president of Time Inc., in charge of the magazine group. Sutton became president of the book division in December 1986. -0- 3/16/93 /CONTACT: Peter Costiglio of Time Inc., 212-522-3927/
CO: Time Inc. ST: New York IN: PUB SU: PER
GK -- NY026 -- 6476 03/16/93 11:00 EST
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|Date:||Mar 16, 1993|
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