NEW YORK, Sept. 6 /PRNewswire-FirstCall/ -- Jack Romanos, President and
Chief Executive Officer of Simon & Schuster, Inc., announced today that he
will retire from that post, effective Dec. 31, 2007. Romanos will continue
to serve in an advisory capacity to CBS Corporation President and CEO
Leslie Moonves through 2009.
Carolyn K. Reidy, currently President of Simon & Schuster's Adult
Publishing Division, will assume the role of President and Chief Executive
Officer upon Romanos' retirement.
"For many years Jack has combined the art of publishing and the science
of business to lead Simon & Schuster to its indisputable position as one of
the world's greatest and most successful publishing companies," said
Moonves. "Jack would have had a terrific career no matter what business he
was in, but Simon & Schuster and the world of publishing has been fortunate
to benefit from his savvy management, inspired business instincts and
steady guiding hand during an era of great change in their industry. I know
everyone at Simon & Schuster and CBS joins me in thanking him for his all
he has done, and wishing him well in the future."
Romanos said: "The past 22 years have been especially gratifying to me.
Simon & Schuster has enjoyed a period of tremendous growth as it has
evolved from its foundation imprints of S&S and Pocket Books into a
multi-faceted, truly world class international publishing company with a
well-deserved reputation for publishing excellence, and a roster of top
bestselling and award winning authors."
"I am looking forward to the next few months and working with Carolyn
Reidy as she transitions into her new role as President and CEO. She is an
extraordinarily talented and capable publishing executive, and she will be
leading a company that, across all divisions and at every level, is infused
with a unique competitive spirit and drive for excellence. It has been a
privilege and an honor to work with so many dedicated and accomplished
colleagues and authors that have made Simon & Schuster the great publishing
house that it is today, and to leave knowing that it has the leadership,
employees, energy and resources to thrive going forward.
Romanos, who joined Simon & Schuster in 1985 as President of Pocket
Books, was named President and CEO in 2002, having previously served as
President and Chief Operating Officer since 1998. Prior to that, Romanos
had been president of the Simon & Schuster Consumer Group since 1991. He
also held positions as President of the Mass Market Division and President
of the Trade Group.
Prior to joining Simon & Schuster, Romanos had served as Publisher of
Bantam Books since 1981. He began his publishing career in 1966 at Fawcett
Publications, and joined Bantam in 1973.
During his career, Romanos has published or overseen the publication of
some of the most exciting and bestselling titles in modern publishing
history, including Iacocca by Lee Iacocca, The Way Things Ought to Be by
Rush Limbaugh, John Adams by David McCullough, Living History by Hillary
Rodham Clinton, Angela's Ashes by Frank McCourt, and The Secret by Rhonda
Byrne. Simon & Schuster is the publishing home of major bestselling authors
Mary Higgins Clark, Stephen King, Dr. Phil McGraw and Bob Woodward.
Simon & Schuster, a part of the CBS Corporation, is a global leader in
the field of general interest publishing, dedicated to providing the best
in fiction and nonfiction for consumers of all ages, across all printed,
electronic, and audio formats. Its divisions include Simon & Schuster Adult
Publishing, Simon & Schuster Children's Publishing, Simon & Schuster Audio,
Simon & Schuster Digital, and international companies in Australia, Canada,
and the United Kingdom. For more information, visit our website at
http://www.simonsays.com
CBS Corporation (NYSE: CBS.A and CBS) is a mass media company with
constituent parts that reach back to the beginnings of the broadcast
industry, as well as newer businesses that operate on the leading edge of
the media industry. The Company, through its many and varied operations,
combines broad reach with well-positioned local businesses, all of which
provide it with an extensive distribution network by which it serves
audiences and advertisers in all 50 states and key international markets.
It has operations in virtually every field of media and entertainment,
including broadcast television (CBS and The CW - a joint venture between
CBS Corporation and Warner Bros. Entertainment), cable television (Showtime
and CSTV Networks), local television (CBS Television Stations), television
production and syndication (CBS Paramount Network Television and CBS
Television Distribution), radio (CBS Radio), advertising on out-of-home
media (CBS Outdoor), publishing (Simon & Schuster), interactive media (CBS
Interactive), music (CBS Records), licensing and merchandising (CBS
Consumer Products) and video/DVD (CBS Home Entertainment). For more
information, log on to http://www.cbscorporation.com.
SOURCE CBS Corporation
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Related links:
http://www.cbscorporation.com
http://www.simonsays.com
http://www.prnewswire.com/comp/185007.html /
CONTACT:
Dana McClintock, CBS, +1-212-975-1077,
dlmcclintock@cbs.com; Adam Rothberg, Simon & Schuster,
+1-212-698-1132, adam.rothberg@simonandschuster.com
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