Time Warner: Joseph Ripp Named CEO Of Time Inc - Quick Facts

(RTTNews) - Time Warner Inc. (TWX) announced that Joseph Ripp will become the Chief Executive Officer of Time Inc. Ripp, a former top Time Inc. and Time Warner executive, is currently the Chief Executive Officer of OneSource Information Services Inc. and will begin his new role in September.

In March, Time Warner announced plans for the legal and structural separation of Time Inc. from Time Warner through a spin-off. Following the separation, Time Inc. will be an independent publicly traded company.

Ripp will succeed Time Inc. CEO Laura Lang, who had advised Time Warner that she did not want to continue in the role following the spin-off.

Ripp began his media career at Time Inc. in 1985, and held several executive level positions there and at Time Warner over the course of nearly 20 years. Ripp first joined Time Inc. as Assistant Comptroller and was elevated to Senior Vice President, CFO and Treasurer of Time Inc. in 1993. Ripp then served as Executive Vice President and CFO of Time Warner Inc. from 1999 to 2001, when he became CFO of America Online. In 2002, Ripp was named Vice Chairman of America Online where he oversaw advertising, technology, operations, marketing, human resources and legal until he left the company in 2004.

After leaving Time Warner in 2004, Ripp was President and COO of Dendrite International. From 2008 until 2010, he served as Chairman of Journal Register Co., owner of more than 50 newspapers and over 350 multi-platform products. In 2010, Ripp entered into a partnership with GTCR, a leading private equity firm, to form Cannondale Investments. In 2012, GTCR and Cannondale Investments acquired OneSource Information Services, Inc.