Mary Berner To Run Reader's Digest

Ripplewood Holdings said that it will name Mary Berner as president and CEO of The Reader’s Digest Association, following the completion of Ripplewood’s public-to-private buyout of the company. Ripplewood executive chairman Harvey Golub will become Reader’s Digest chairman, while current Reader’s Digest president and CEO Eric Schrier is in talks to assume a “strategic role to help build a stronger portfolio of media assets upon completion of the transaction.”