Follo to Leave Martha Stewart Living Omnimedia

Dec 16, 2005  •  Post A Comment

James Follo, Martha Stewart Living Omnimedia’s chief financial officer, said Friday that he will leave the company in March. Mr. Follo will be replaced on an interim basis by Howard Hochhauser, currently VP of finance and investor relations.

Mr. Follo, who joined the company in 1998 and was named in 2001, adding the role of chief administrative officer in 2003, offered no reason for his planned departure other than to say he wanted to “explore the next stage of my professional career.” He is staying on until March to complete the company’s annual report.

During his time at the lifestyle company, Mr. Follo has weathered a federal probe into a stock sale by company founder Martha Stewart and her subsequent five-month prison sentence, events that took their toll on the company’s financial performance.