Reader's Digest Realigns Divisions

  • February 25, 2003
The Reader’s Digest Association has structured its global organization, in a move the company says will integrate its businesses under common leadership and leverage synergy opportunities, all while reducing costs. Reader’s Digest’s businesses will be managed in four newly defined groups, each headed by a president: Thomas Gardner, Reader’s Digest International; Eric Schrier, Reader’s Digest North America; Robert Raymond, Consumer Business Services; and Gary Rich, QSP. The four group presidents will report to chairman/CEO Thomas Ryder. “Internationally, we are streamlining our administrative structure to help us move decisively in the fast-changing global markets. In North America operations, we are aligning our core direct-marketing, magazine and book businesses in one group,” explains Ryder. Schrier, who is Global Editor-in-Chief, maintains his current responsibilities for U.S. Magazines and adds Reader’s Digest Canada and the Reading, Health & Home, and Entertainment divisions of U.S. Books & Home Entertainment. He will also oversee Reiman Media Group, replacing current Reiman president Thomas Curl, who is leaving the company.

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