MSLO taps Dienst as ceo

Retail Editor 4, Don Hogsett, October 28, 2013

New York - Martha Stewart Living Omnimedia Inc. and its board of directors today announced the naming of Daniel Dienst as the company's new ceo.

MSLO described Dienst as a "highly accomplished ceo who has successfully repositioned and grown publicly-held companies." He was recently appointed to the MSLO board of directors and will continue to serve in that role.

Most recently, from March 2008 through June 2013, Dienst served as ceo of Sims Metal Management Ltd., and is credited with shepherding that company through the aftermath of the global financial crisis after the sale of his predecessor company, Metal Management Inc., to Sims for $1.7 billion in March 2008. He had served as chairman and ceo of Metal Management from 2003-2008. From 2002, Dienst also served as chairman and acting ceo of Metals USA Inc. after its restructuring until 2005 when the company was sold to an affiliate of Apollo Management LP in a going private transaction valued at approximately $1.5 billion.

Martha Stewart, founder and non-executive chairman, said
Dienst brings "a clear track record of creating significant value for shareholders. Dan will take on the important responsibility of leading the company and ensuring that we are able to deliver on our strategy for renewed growth."

Dienst said he believes there is "enormous untapped opportunity for this organization and a terrific base of talented people to help us realize that opportunity."

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