Monday October 28th, 2013 - 9:54AM
Martha Stewart Living Omnimedia, Inc. today announced that Daniel Dienst has been named CEO. Dienst was recently appointed to the MSLO Board of Directors and will continue to serve in that role.
Founder and non-executive Chairman Martha Stewart stated, "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."
Dienst said, "I have long been a fan of Martha Stewart, the person and the brand, and believe there is enormous untapped opportunity for this organization and a terrific base of talented people to help us realize that opportunity. The company has embarked on a turnaround plan that is expected to produce good early results, but there is a lot more to do to achieve our long-term objectives."
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, Dienst served as CEO of Sims Metal Management, Ltd., He had served as Chairman and CEO of Metal Management from 2003-2008.