Martha Stewart Living Omnimedia
named Charles Koppelman chairman.
Koppelman, who had been vice chairman and a consultant, succeeds Thomas Siekman, who has been named lead director.
Koppelman is CEO of CAK Entertainment, a music and entertainment business. From 1990 to 1994, he held top executive positions at music giant EMI. Koppelman was also a former director of
and served as chairman of that company from 2000 to May 2004.
"As founder of this company, I have been greatly impressed with Charles' extensive background and expertise in branding, licensing and corporate positioning," said Martha Stewart. "His work these past months with
CEO Susan Lyne has given the company a broader, renewed focus on business development and strategic issues."
As lead director, Siekman will preside over meetings of the independent directors. The board membership is otherwise unchanged.
Martha Stewart Living has recently teamed up with
to launch a Martha Stewart-branded satellite radio channel. Cyndi Stivers, a former president and editorial director of
Time Out New York
, is spearheading that launch.
Earlier this spring the company also announced a distribution agreement with Warner Home Video, plus two TV deals for Martha Stewart, including
The Apprentice Martha Stewart
, currently in production for
On Friday, Martha Stewart Living Omnimedia was trading up 3% to $29.41.