Conde Nast CEO Sauerberg to Depart Amid Restructuring

MarketWatch: Conde Nast said CEO Bob Sauerberg is stepping down, just months after he outlined an ambitious plan to return the magazine publisher to profitability. Sauerberg will stay on in his role until the appointment of his successor, who will oversee both Conde Nast and Conde Nast International in the newly created role of global CEO.