Condé Nast, publisher of Vogue, Vanity Fair, Glamour, GQ, The New Yorker, Wired and Brides, among other glossies, said Roger Lynch will become its first global CEO. He replaces Bob Sauerberg, who will step down after 18 years at the company. He will continue to represent Advance Publications Inc. on the board of Reddit.
Lynch is known for transforming companies. He is the former CEO of Pandora Media Inc., the music streaming service that was acquired by Sirius XM Holdings Inc. for $3.5 billion in stock. He is credited with refocusing the business on growth. His media experience stretches even farther; before Pandora, Lynch was the founding CEO of Sling TV, the first multichannel live TV service that streamed over the internet. It became the No. 1 live OTT service in the U.S. According to the presser, Lynch also served as chairman and CEO of Video Networks International Ltd., a U.K.-based IPTV provider and, before that, as president and CEO of Chello Broadband in Amsterdam, where he pioneered the widespread rollout of consumer broadband services across ten countries in Europe. His background gets even more diverse. In his early days, Lynch was an investment banker with Morgan Stanley, specializing in technology; and was a member of the physics technical staff at Hughes Aircraft Co.
Condé Nast’s Chairman Jonathan Newhouse notes, “Roger is a transformative leader with significant international experience and a proven track record building companies at the evolving intersection of media and technology. His strong business acumen, relevant experience and ability to unite a team around a common purpose to drive results make him a clear choice for our next CEO.”
How will he do that? Pacific Standard’s Editor-in-Chief Nicholas Jackson says, “Expect lots of consolidation of Conde’s many international editions, global newsrooms, more investment in video, and paywalls across all titles.”
Lynch stated, “I have long admired the extraordinary, award-winning content produced by Condé Nast. I’m very excited to work alongside the talented, passionate and creative team at Condé Nast as we drive the next phase of the company’s growth.”
Lynch will step into his new role on April 22 and will move to New York from San Francisco.