Bewkes indicated that a permanent successor would eventually be named, and said that an interim management committee composed of a trio of Time Inc. executives -- CFO Howard Averill, General Counsel Maurice Edelson and Editor in Chief John Huey -- would run the organization in the meantime, reporting directly to Bewkes.
Griffin joined Time Inc. as CEO in August 2010, succeeding long-time Time Inc. executive Anne Moore, who retired.
Griffin's brash management style reportedly ruffled feathers inside Time Inc.'s genteel publishing culture, adding to what had already been a stressful environment for the world's leading magazine publishers.
Among Griffin's first acts as CEO was to create Time Inc.'s first ever Chief Digital Officer position, and naming former Interactive Advertising Bureau President-CEO Randall Rothenberg to the post.
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Wow, Griffin must have been a handful if the announcement from Time wasn't the usual sugarcoated statement. No need to read between the lines with this departure!