Martha’s Out as Chairman/CEO

Domestic doyenne Martha Stewart is out as chairman/CEO of Martha Stewart Living Omnimedia, the media empire she founded. Stewart, of course, has been charged with several counts in connection with an alleged insider-trading deal. The company’s holdings include Martha Stewart the Catalog for Living.

Sharon Patrick, formerly the president/chief operating officer, has been appointed as the new CEO. Stewart will continue to serve as founder and chief creative officer, as well as a member of its board of directors.

In addition, Jeffrey Ubben, founder/managing partner ValueAct Capital Partners, an investment partnership that owns 22% of the company’s class A stock, has been elected chairman of the board. Arthur Martinez, a director and former chairman/CEO of Sears, Roebuck, and Co., has been named lead director and will preside over all meetings of independent directors of the board.

Partner Content

Hincapie Sportswear Finds Omnichannel Success in the Cloud - Netsuite
For more and more companies, a cloud-based unified data solution is the way to make this happen. Custom cycling apparel maker Hincapie Sportswear has leveraged this capability to gain greater visibility into revenue streams, turning opportunities into sales more quickly while gaining overall operating efficiency. Download this ecommerce special report from Multichannel Merchant to more.
The Gift of Wow: Preparing your store for the holiday season - Netsuite
Being prepared for the holiday rush used to mean stocking shelves and making sure your associates were ready for the long hours. But the digital revolution has changed everything, most importantly, customer expectations. Retailers with a physical store presence should be asking themselves—what am I doing to wow the customer?
3 Critical Components to Achieving the Perfect Order - NetSuite
Explore the 3 critical components to delivering the perfect order.
Streamlining Unified Commerce Complexity - NetSuite
Explore how consolidating multiple systems through a cloud-based commerce platform provides a seamless experience for both you, and your customer.