Roger Lynch, the former chief executive officer of Pandora Radio, the largest streaming music service in the U.S., will become the first global ceo of Cond\u00e9 Nast, the company said Thursday.<\/p>\n
\u201cAfter conducting a thorough search for an executive to run the combined Cond\u00e9 Nast U.S. and International, we believe Roger is the right person to lead Cond\u00e9 Nast during our new phase of global integration, growth and transformation,\u201d said board chairman Jonathan Newhouse.<\/p>\n
\u201cRoger is a transformative leader with significant international experience and a proven track record building companies at the evolving intersection of media and technology. His strong business acumen, relevant experience and ability to unite a team around a common purpose to drive results make him a clear choice for our next ceo.\u201d<\/p>\n
Steve Newhouse, board member, said the company was impressed with Lynch\u2019s \u201cpassion for great journalism, magazines that make a difference and brands that have exceptional potential for growth,\u201d and said Lynch will extend Cond\u00e9\u2019s print brands into \u201cdigital video, data and experiences.\u201d<\/p>\n
Lynch has experience leading consumer media and technology businesses through transformation and high-growth periods, Cond\u00e9 said. Most recently, as president and ceo of Pandora Radio, Lynch led the turnaround of the country\u2019s largest streaming music service. He refocused the business on growth, transformation and investment initiatives to accelerate revenue and generate positive returns, according to the publisher.<\/p>\n
\u201cAs a newly combined global company, we have the opportunity to accelerate the evolution of the consumer experiences and value we deliver to our audiences and partners around the world,\u201d Lynch said.<\/p>\n
Prior to working at Pandora, Lynch was the founding ceo of Sling TV, where he led its creation, launch and growth to become the top Live OTT service in the U.S. Lynch also served as chairman and ceo of Video Networks International Ltd., a U.K. based IPTV provider, and before that, as president and ceo of Chello Broadband in Amsterdam, where he pioneered the widespread rollout of consumer broadband services across ten countries in Europe.<\/p>\n
Earlier in his career, Lynch was an investment banker with Morgan Stanley specializing in technology, and a member of the physics technical staff at Hughes Aircraft Company. He holds an MBA from the Tuck School of Business at Dartmouth, and a B.S. degree in physics from the University of Southern California.<\/p>\n
With Lynch\u2019s appointment, Bob Sauerberg, who served as ceo of Cond\u00e9 Nast\u2019s U.S. business for the past three years, will step down and exit the organization after 18 years. Sauerberg will continue to represent Advance on the board of Reddit, the company said.<\/p>\n
Cond\u00e9 Nast reconfirmed that, as it combines its U.S. and international companies into a single global business, Newhouse will become chairman of the board of directors of Cond\u00e9 Nast.<\/p>\n
Newhouse will also serve as the Advance representative on the board of directors of Turnitin, the world\u2019s leading company, producing anti-plagiarism software, which Advance has agreed to acquire. He also serves on the board of directors of Vestiaire Collective, a Paris-based e-commerce business in which Advance is an investor.<\/p>\n","protected":false},"excerpt":{"rendered":"
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