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Martha Stewart Living Omnimedia names new CEO

Daniel W. Dienst has been named CEO of Martha Stewart Living Omnimedia, Inc., the company and its board of directors announced. Dienst was recently appointed to the MSLO Board of Directors and will continue to serve in that role. Lisa Gersh resigned from the post last December.

In a joint statement, the MSLO Board of Directors said, "In his short time on the board Dan has brought a fresh perspective to the business, which in combination with his operating skills, will help to strengthen our position and drive long-term growth. We are delighted that Dan is taking on the role of chief executive and we have the highest confidence that he will effectively lead the company's turnaround plan and create added value for shareholders."

Dienst's previous experience includes several leadership positions at publicly-held companies. Most recently, from March 2008 through June 2013, he served as CEO of Sims Metal Management a role he assumed to shepherd that company through the aftermath of the global financial crisis after the sale of his predecessor company, Metal Management, Inc., to Sims for $1.7 billion in March 2008, according to an MSLO release. He had served as chairman and CEO of Metal Management from 2003-2008. From 2002, he also served as chairman and acting chief executive of Metals USA.

Founder and Non-Executive Chairman Martha Stewart, said, "We are excited to welcome Dan as the new CEO of MSLO. He is a highly respected and experienced public company CEO with strong operating and financial discipline and a clear track record of creating significant value for shareholders. Dan will take on the important responsibility of leading the company and ensuring that we are able to deliver on our strategy for renewed growth."

Stewart continued, "Dan has specific expertise helping companies run efficiently and productively, and I look forward to working with him to strengthen and further expand our brand and create new opportunities to significantly grow the Company and deliver our products to consumers around the world."

 

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