DES MOINES, Iowa, Feb. 27, 2020 /PRNewswire/ -- Meredith
Corporation (NYSE:MDP) announced today that Jason Frierott has been named Vice President and
Chief Financial Officer, effective March 9,
2020. He succeeds Joe
Ceryanec, who is retiring effective March
31.
Frierott, 46, joins Meredith following 21 years at GE, including
more than 10 years as a Chief Financial Officer for several of GE's
large business units. This included stints as a senior financial
executive at GE Transportation, GE Power & Water and GE Energy.
He also spent eight years in an executive role on GE's Corporate
Audit staff.
Frierott earned a Bachelor's in Business Administration degree
from the University of Arizona in
1997. Following graduation, he spent three years in GE's
intensive Finance Management Program, a rotational development
program providing in-depth finance and leadership training.
"Jason has a proven track record of senior financial management
of multi-billion-dollar enterprises within the prestigious GE
brand," said Meredith President and
CEO Tom Harty. "He has led
large financial teams, and we look forward to Jason applying his
experience and expertise to help us grow Meredith's market-leading
competitive position."
In his new role at Meredith, Frierott will lead all financial
activities of the enterprise, including accounting, financial
planning, treasury, investor relations, internal audit and
information technology. Frierott will play key roles in strategic
planning, business operations, mergers and acquisitions, and
debt-reduction strategies. He will report to Harty.
"I'm extremely honored to be chosen to lead the outstanding
group of financial professionals at Meredith," said Frierott. "It's
an exciting time to be joining Meredith, a proven leader in the
media industry across multiple distribution platforms. I look
forward to playing a key role as Meredith builds upon its already
strong financial position, and helping the company grow shareholder
value."
ABOUT MEREDITH CORPORATION
Meredith Corporation has been committed to service journalism
for 118 years. Today, Meredith uses multiple distribution
platforms-including broadcast television, print, digital, mobile
and video-to provide consumers with content they desire and to
deliver the messages of its advertising and marketing partners.
Meredith's National Media Group reaches 180
million unduplicated American consumers every month, including
nearly 90 percent of U.S. millennial women. Meredith is a leader in
creating content across media platforms and life stages in key
consumer interest areas such as entertainment, food, lifestyle,
parenting and home. Meredith is the No. 1 magazine operator in the
U.S., and owner of the largest premium content digital network for
American consumers. Meredith's leading national brands PEOPLE,
Better Homes & Gardens, InStyle, Allrecipes, REAL SIMPLE,
SHAPE, Southern Living, FOOD & WINE, Travel + Leisure,
Martha Stewart Living and Health.
Meredith also features robust brand licensing activities including
more than 3,000 SKUs of branded products at 4,000 Walmart stores
across the U.S. and at walmart.com. Meredith's National Media Group
also includes leading affinity marketer Synapse, and The Foundry,
the Company's state-of-the-art creative lab and content studio.
Meredith's Local Media Group includes 17 television stations
reaching 11 percent of U.S. households and 30 million viewers.
Meredith's portfolio is concentrated in large, fast-growing
markets, with seven stations in the nation's Top 25 markets
–including Atlanta,
Phoenix, St. Louis and Portland – and 13 in the Top 50.
Meredith's stations produce more than 700 hours of local news and
entertainment content each week, and operate leading local digital
destinations. Meredith also owns MNI Targeted Media, which delivers
targeted advertising solutions to more than 1,200 clients on a
local, regional and national level.
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SOURCE Meredith Corporation