From a Wall Street Journal story by Joseph DeAvila and Alexandra Bruell headlined “Time Names Jessica Sibley as CEO”:

Time, the publisher of Time magazine, has named Jessica Sibley as chief executive of the media company.

Ms. Sibley is taking over Time’s business operations from current chief executive Edward Felsenthal, who will retain his role as editor in chief of the publication, the company said Monday. Mr. Felsenthal will also become executive chairman of the company, Time said.