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PlanetOut Inc.
appoints new CEO after current chief steps down

PlanetOut Inc.
appoints new CEO after current chief steps down

Karen_magee

LGBT media and entertainment company PlanetOut Inc. announced Thursday that it had named Karen Magee its new CEO after current chief executive Lowell Selvin decided to step down for medical reasons.

LGBT media and entertainment company PlanetOut Inc. announced Thursday that it had named Karen Magee its new CEO after current chief executive Lowell Selvin decided to step down for medical reasons. Magee is currently the senior vice president of strategic planning for Time Warner, where she's worked in different management roles since 1996, and has served on PlanetOut's board of directors since 2003. "We are extremely excited about the leadership capabilities and talent Karen Magee brings to the company as our new chief executive officer," said Bill Jesse, the new chairman of PlanetOut's board of directors, in a statement. Jesse replaces Selvin, who is also stepping down from his post as chairman but will remain on the board as chairman emeritus. "Karen has extensive experience in the media and entertainment industry, including proven consumer marketing skills," Jesse added. "As a director of PlanetOut, she has developed a strong understanding of our business and the strategic vision required to maximize PlanetOut's leadership position serving the LGBT community and drive its next phase of growth and development." Magee began her career at Time Warner in 1996 as general manager and vice president of consumer marketing for Time magazine. She then served as vice president for Time Inc. starting in 2001, before ascending to her current position. "PlanetOut's powerful brands create a truly exciting multiplatform opportunity to engage all members of the LGBT community," Magee said in the statement. "I'm looking forward to working with the talented team at PlanetOut to enrich and broaden the products and services that we offer to consumers and advertisers." She added that one of her first areas of focus "will be the completion of an acquisition integration plan that Lowell...and other key members of the PlanetOut team have been developing. The move is designed to execute on our commitment to integrate LPI and RSVP prudently and take advantage of operational efficiencies." In the last year PlanetOut has acquired both the LPI family of publications, including The Advocate and Out, and RSVP Vacations. There was no word on the medical reasons for which Selvin, who has been with the company for seven years, is stepping down. (The Advocate)

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