Martha Stewart Living Omnimedia has named Daniel W. Dienst chief executive officer. Dienst will also serve on the MSLO Board of Directors.
Dienst joins MSLO from Sims Metal Management, where he oversaw the company after the sale of Metal Management for $1.7 billion in 2008. Other past positions include with Metal Management, Metals USA and Apollo Management.
“We are excited to welcome Dan as the new CEO of MSLO,” says Martha Stewart, founder and non-executive chairman, MSLO. “He is a highly respected and experienced public company CEO with strong operating and financial discipline and 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. Dan has specific expertise helping companies run efficiently and productively, and I look forward to working with him to strengthen and further expand our brand and create new opportunities to significantly grow the company and deliver our products to consumers around the world.”
“I have long been a fan of Martha Stewart, the person and the brand, and believe there is enormous untapped opportunity for this organization and a terrific base of talented people to help us realize that opportunity,” says Dienst. “The company has embarked on a turnaround plan that is expected to produce good early results, but there is a lot more to do to achieve our long-term objectives. I look forward to rolling up my sleeves, getting to work and helping write the next few chapters of this remarkable company's story.”