American Media, Inc. Names Marc Fierman Corporate Senior Vice President of Finance
Fierman Also Named Chief Financial Officer of AMI Subsidiary, Distribution Services, Inc.
NEW YORK, July 6, 2011 /PRNewswire/ -- American Media, Inc. (AMI) Chairman, President and CEO, David J. Pecker, announced today that Marc Fierman has been named Corporate Senior Vice President of Finance, as well as Chief Financial Officer of AMI subsidiary, Distribution Services, Inc. (DSI).
In his new role at AMI, Mr. Fierman will work closely with Mr. Pecker overseeing the company's publishing services business unit. At the same time he will also be responsible for all financial operations at DSI, the industry's leading in-store magazine merchandising company.
"Marc has been a CFO for over 15 years, and I have known him personally for much of that time," said Mr. Pecker. "His experience includes over 25 acquisitions in the publishing sector as well as spearheading Source Interlink's secondary offering. Marc's diverse financial background in both the public and private markets make him a huge asset to our company."
Mr. Fierman had served as Chief Financial Officer at Source Interlink since November 2002. Prior to that Fierman was SVP/Finance for various Source divisions. From 1997 to 1999 Mr. Fierman held the position of Chief Financial Officer of Brand Manufacturing Corp. which was acquired by Source Interlink in 1999.
Mr. Fierman commented, "I am eager to join David Pecker and his senior management team at such an exciting time. In the past year, I have watched David develop the industry's first publishing services unit and I am eager to help it grow and evolve. I also want to thank David for giving me the opportunity to also serve DSI as its Chief Financial Officer and look forward to the challenges ahead in maintaining its #1 position in the industry."
"We are thrilled to have Marc join the team. He brings unique skills and experience to our financial leadership and recruiting him is another essential step for our future," said Chief Financial Officer of AMI, Chris Polimeni.
Mr. Fierman will report to Chris Polimeni effective today.
About American Media, Inc.
American Media, Inc. is the leading publisher of celebrity journalism and health and fitness magazines in the U.S. These include Star, Shape, Men's Fitness, Fit Pregnancy, Natural Health, National Enquirer and OK! In addition to print properties, AMI manages 15 different web sites. The company also owns Distribution Services, Inc., the country's #1 in-store magazine merchandising company.
About Distribution Services, Inc.
Distribution Services, Inc. is the country's #1 in-store magazine merchandising company and is a subsidiary of American Media, Inc. American Media, Inc. is the leading publisher of celebrity journalism and health and fitness magazines in the U.S. These include Star, Shape, Men's Fitness, Fit Pregnancy, Natural Health, and The National Enquirer. For more information, go to www.distributionservices.com.
SOURCE American Media, Inc.
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