Meredith Corporation announced that its Board of Directors has elected Steve Lacy as Executive Chairman and Tom Harty as President and Chief Executive Officer, effective February 1, 2018. Lacy is currently Chairman and Chief Executive Officer and Harty is President and Chief Operating Officer. In his new role, Lacy, 63, will work with Harty to determine Meredith's strategic agenda; continue to represent Meredith to the investment and financial communities; lead all Board activities; and play a greater role in media industry association activities, particularly legislative initiatives.

In his new role, Harty, 55, will continue to lead Meredith's National and Local Media Groups, and direct the integration of the Time Inc. acquisition. He will add responsibility for Meredith's Finance and Legal functions, which are led by Chief Financial Officer Joe Ceryanec and Chief Development Officer & General Counsel John Zieser, respectively. Under Harty's leadership, Meredith greatly expanded its media portfolio, adding brands such as Allrecipes.com, Shape, and Martha Stewart Living – along with the incoming Time Inc. brands.