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Someone’s In The Kitchen

Martha Stewart resigns as director and officer of her company, will remain active in a new role

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Martha Stewart, recently convicted on four counts of obstructing justice and lying to investigators, has resigned as director and chief creative officer of Martha Stewart Living Omnimedia Inc. (MSO, New York).

She will, instead, assume the position of founding editorial director.

“The MSO board respects [Stewart’s] decision to resign her officer and director positions,” said chairman Jeffrey Ubben. “In accepting her resignation, we have decided to create a new, continuing role as founding editorial director — a role that reflects our desire for Martha to continue to make an important contribution to our business . . . Continuing the benefit of Martha’s unique creative talents and contributions is in the very best interests of MSO and its shareholders.”

In her new role, Stewart will continue to provide creative inspiration for new product design and development; author two pending books; undertake contributing editor and television assignments; help continue to build public profiles for MSO’s core content experts; and provide input on the continuing evolution of MSO and its brand and brand labels and on strategic issues. She will report to ceo Sharon Patrick.

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