Time, the publisher of Time magazine, said Monday the media firm has named Jessica Sibley as its chief executive officer, effective Nov. 21.
Sibley’s appointment comes because the 99-year old company seeks to expand away from its print operations and turn out to be a diversified media company.
The media executive joins Time from Forbes where she was most recently the chief operating officer. Sibley will succeed Edward Felsenthal, who will retain his role as editor-in-chief of the publication, the corporate said.
Felsenthal, who has been Time’s editor-in-chief since 2017, took on the extra role of chief executive officer in 2018 after the corporate was taken over by Salesforce co-founder Marc Benioff and his wife Lynne Benioff from media company Meredith Corp.
“(Sibley) has a rare record throughout her profession of delivering growth and innovation and constructing deep relationships with customers to make sure their success,” Marc and Lynne Benioff said in a press release.
The print magazine, which has 1.3 million subscribers, will look to learn from Sibley’s experience in driving revenue growth as promoting spend dries up for magazines and newspapers.
Sibley has worked in media brands including The Wall Street Journal, Bloomberg and Condé Nast, where she has contributed toward revenue growth and other initiatives.
