Reader's Digest Reorganizes Into Four Worldwide Groups
The groups are Reader's Digest International, Reader's Digest North America, Consumer Business Services and QSP.
Thomas D. Gardner, Eric W. Schrier, Robert E. Raymond and Gary S. Rich will head the four groups respectively. Each will report to Reader's Digest Chairman/CEO Thomas O. Ryder.
"Internationally, we are streamlining our administrative structure to help us move decisively in the fast-changing global markets," Ryder said in a statement. "In North America operations, we are aligning our core direct-marketing, magazine and book businesses in one group, while we are breaking out our other consumer businesses, including Books Are Fun, Trade Publishing, Young Families, Financial Services and QSP."