Shake up at Condé Nast, what does the future hold for Anna Wintour?
The publishing giant loses its COO and Editorial Director
Following the news of the print media industry's usually biggest month looking somewhat up-and-down, yesterday it's most prestigious publishing company announced the departure of Editorial Director Tom Wallace, and John Bellando, Chief Operating Officer. The changes will mean the expansion of Bob Sauerberg's role as President and Anna Wintour's elevated role of Condé Nast Art Director – as well as her continuing place as Vogue Editor-in-Chief – will "remain unchanged."
A spokesman for the company has stated that Bellando's decision to leave the company was his own and that he would work on a consultancy basis until the end of the year, while the role of Editorial Director will not be filled.
Wintour's new role hasn't necessarily been clearly defined since her rise to the position last year. She has a hands-on influence on the editorial direction of various titles at the company such as Brides, Lucky, Glamour, Condé Nast Traveler and Self. According to a memo sent this Wednesday by CEO Chuck Townsend, she will continue to "ensure that our content and culture remain at the forefront of our industry."
Sauerberg, who is 53-years-old's newly expanded role as President technically falls below that of CEO, and he will now take the lead in all revenue generation activities. His areas of responsibility will stretch beyond the management of digital, technology, consumer marketing, business development, corporate administration and Condé Nast Entertainment, and include taking direct responsibility for the Condé Nast Media Group – as well as all brand revenue growth – leading most people to assume he is preparing to take on the role of CEO following 69-year-old Townsend's imminent retirement.