Jessica Sibley named CEO of Time magazine publisher

Time, the publisher of Time magazine, said on Monday that the media company had named Jessica Sibley as chief executive, effective Nov. 21.

Sibley’s appointment comes as the 99-year-old company seeks to move away from its printing business and into a diversified media company.

The media manager joins Time from Forbes where she most recently served as chief operating officer. Sibley will succeed Edward Felsenthal, who will retain his role as the publication’s editor, the company said.

Felsenthal, who has served as editor of Time since 2017, took on the additional role of managing director in 2018 after the company was taken over by Salesforce co-founder Marc Benioff and his wife Lynne Benioff of media company Meredith Corp.

« (Sibley) has an extraordinary career-long record of driving growth and innovation and building deep relationships with clients to ensure their success, » Marc and Lynne Benioff said in a statement.

The print magazine, which has 1.3 million subscribers, will seek to benefit from Sibley’s experience in revenue growth as advertising spending dries up for magazines and newspapers.

Sibley has worked at media brands including The Wall Street Journal, Bloomberg, and Condé Nast, where she helped drive revenue growth and other initiatives.