In a statement, Truman, who plans to move to Europe, said: "After the creation of Lucky, Cargo, and the forthcoming Domino, and the revitalization of a number of our other magazines, I felt this was a good time for me to make a change. To work at Conde Nast with Si (Newhouse Jr., Conde Nast Chairman) and our extraordinary editors, art directors, and photographers has been a great pleasure."
Meanwhile, Wallace, who has served as editor in chief of Conde Nast Traveler since 1990, said: "After sixteen years at Conde Nast Traveler, I know first-hand how well Conde Nast's magazines engage with the world, and I look forward to expanding the company's horizons and my own."
Truman, who succeeded Alexander Liberman in 1994, had originally joined Conde Nast in 1988 as a features editor at Vogue before leading Details magazine's repositioning from 1990 until 1994.
-- M.S.
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