New York, N.Y. — Bonnier Corp. today announced that Terry Snow, CEO, has elected to retire effective January 14, 2013. Snow will be succeeded by Dave Freygang, who recently served as Executive Vice President for Bonnier’s Active Interest Division.
Snow is retiring after serving six years as CEO of Bonnier Corp., and 28 years as CEO & Founder of World Publications, a company that Bonnier partnered with in 2006. Snow started World Publications in 1978 by creating WaterSki magazine, and oversaw the growth of the business to its current state with over 50 media brands, including Popular Science, Field & Stream and Parenting. Snow will continue his involvement at Bonnier Corp. as a member of the Board of Directors, in addition to being a shareholder.
Freygang has over 23 years of experience working at Bonnier (and formerly World). Originally hired as CFO of World Publications, Freygang expanded his responsibilities by overseeing magazine groups in the early ’90s. In his prior role as head of Bonnier’s Active Interest Division, Freygang had responsibility for 33 brands, including Saveur, Yachting and Islands.
“Terry has been a great partner for us, his entrepreneurial vision and hard work helped launch Bonnier Corp. in the U.S. He will continue to be an asset to the development of the company as a member of the Board,” says Jonas Bonnier, CEO for Bonnier AB, parent of Bonnier Corp. “I am also very pleased to have Dave Freygang take over as CEO. He is an excellent choice to lead Bonnier Corp. with his many years of experience and deep understanding of special interest brands and their evolving nature.”
“I’m very excited to be offered this new position,” says Freygang. “We see many new opportunities for our brands as we continue to expand our digital platforms and grow new audiences. These are both challenging and exciting times for special interest media and I look forward to working with the rest of the company to grow and strengthen Bonnier’s position in the U.S. market.”
“I’ve worked closely with Dave for many years, and I am very happy to see him take over the leadership role,” says Snow. “For me, it’s been an amazing journey working with so many talented people at Bonnier who day-in and day-out create fabulous brands. I know Bonnier Corp. has a great future ahead and I look forward to contributing in new ways.”
Bonnier Corp. is one of the largest consumer-publishing groups in the U.S. and is the leading media company serving passionate, highly engaged audiences, through magazines, events, digital media and leading-edge products. Bonnier Corp. is a subsidiary of Bonnier AB, an international media group active in television, newspapers, magazines, movies, books and digital media.