Lacy Succeeds Kerr As Meredith Chief

  • January 31, 2006
Meredith Corporation announced that Stephen M. Lacy has been elected president-CEO by the company's board of directors, effective July 1, 2006.

Lacy, 51, currently president and COO, will succeed William T. Kerr, 64, as CEO. Kerr will remain on the Meredith Board and serve as non-executive chairman. Lacy's promotion had been expected as part of a planned succession.

Lacy joined Meredith in February 1998 as vice president-chief financial officer and was promoted to president of the Meredith Integrated and Interactive Marketing Group in March 2000. He was promoted to Meredith Publishing Group President in November 2000, and elected President and COO in May 2004.

--John Wolfe

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