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Johnson Publishing Company names Rich A. Magid Chief Financial Officer
(January 22, 2013) Johnson Publishing Company, L.L.C. announced today
that Rich A. Magid has been named the company's Chief Financial Officer.
Mr. Magid has worked in finance and accounting for 32 years. Most
recently, he served as Chief Financial Officer and Managing Partner of
Stadium Capital Financing Group, a finance and marketing consulting
firm; an affiliate of Morgan Stanley. Prior to this position, Mr. Magid
was Chief Financial Officer, Chief Operating Officer and Director for
Natural Golf Corporation. Mr. Magid also served as Chief Financial
Officer and Board Member of Sportvision, Inc.
"Strategically growing and repositioning Johnson Publishing Company, and
its brands in the marketplace, is paramount to our overall success,"
said Desiree Rogers, CEO, Johnson Publishing Company. "Rich brings a
wealth of financial knowledge to the team at a time when the company is
expanding its presence particularly in digital and licensing. He has an
enormous amount of experience and has driven positive strategic change
for companies across various industries. We are excited to have him join
our team."
Mr. Magid holds a B.S. in Accounting from the University of Illinois and
is a Certified Public Accountant. He's sat on multiple boards in the
Village of Skokie, his local synagogue and high school, as well as being
a board member of The Ark. He is a life-long Chicago native and lives in
Skokie with his wife Monica and their four children.
Johnson Publishing Company, LLC, founded by John H. and Eunice W.
Johnson in 1942, is the leading African American media publisher.
Headquartered in Chicago, with New York and London offices, the Company
publishes EBONY and JET, ranked No. 1 and No. 3, respectively, among
Black American magazines, and owns Fashion Fair Cosmetics, a global
prestige cosmetics brand for Black Women launched in 1973.
Johnson Publishing operated the Ebony Fashion Fair, the world's largest
touring fashion show, until 2009; it raised more than $55 million for
scholarships and various charitable causes. Additional Information about
Johnson Publishing Company, LLC is available at
www.johnsonpublishing.com.
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