Time Inc. announced on Wednesday it has named company veteran Clifton Leaf as the next editor-in-chief of Fortune. Leaf has been the deputy editor at the financial news publication since 2014, previously serving as a guest editor for the New York Times op-ed page and Sunday Review. Leaf also served as executive editor for the Wall Street Journal’s SmartMoney magazine. “Cliff Leaf has proven himself to be the perfect person to lead Fortune’s editorial efforts, in print, digital and live events,” said former Fortune Editor-in-Chief Alan Murray in a statement. Murray was named chief content officer of Time Inc. in 2016. Time Inc.’s board has been exploring the potential for a sale of the company, with Meredith Corp. being one of the leading contenders. Shares of Time Inc. have gained 31% in the trailing 12-month period, while the S&P 500 index is up nearly 18% during the same period.
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