The Reader’s Digest Association, Inc. has announced a new global organizational structure designed to integrate businesses under common leadership, leverage synergy opportunities and reduce costs, the company said.
The company’s businesses will be managed in four newly defined groups, each headed by a president: Thomas D. Gardner, Reader’s Digest International; Eric W. Schrier, Reader’s Digest North America; Robert E. Raymond, Consumer Business Services; and Gary S. Rich, QSP. The four group presidents will report to Thomas O. Ryder, Chairman and Chief Executive Officer.
Gardner moves from president, North America Books and Home Entertainment. Schrier, who is global editor-in-chief, maintains his current responsibilities for U.S. Magazines and adds Reader’s Digest Canada and the Reading, Health & Home, and Entertainment divisions of U.S. Books & Home Entertainment. Raymond moves from senior vice president, strategic acquisitions and alliances. Rich continues his current role as president of QSP, Inc., and adds responsibility for QSP Canada.
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