Robert Sauerberg, Condé Nast C.E.O., to Step Down

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Robert A. Sauerberg Jr. will continue as Condé Nast’s chief executive until a successor is named, the company said.CreditCreditSteve Marcus/Reuters

Robert A. Sauerberg Jr., Condé Nast’s chief executive, is stepping down as the magazine publisher confronts declines in circulation and advertising that have forced it to cease publication of some titles, trim the staffs at others and take additional steps to cut costs.

The company, whose publications include Vogue, Vanity Fair and The New Yorker, said on Tuesday that Mr. Sauerberg would relinquish his role after a successor is found. The next person to fill the job will hold the title of global chief executive, a new position at the head of both Condé Nast and Condé Nast International. The two units have historically operated as separate sister companies.

The change in leadership at the company comes months after Mr. Sauerberg announced a sweeping plan to address the struggles at Condé Nast, which is based in New York and has its headquarters at One World Trade in Lower Manhattan.

A note sent to employees on Tuesday morning on behalf of the Condé Nast board said the company had spent the past year developing strategies to “meet the rapidly evolving media landscape,” acknowledging that the industry “is increasingly becoming more global.”

Last year, Condé Nast lost more than $120 million. It has put three magazines, Brides, Golf Digest and W, up for sale. Last week, it said it would end regular print publication of Glamour after a nearly 80-year history.

Condé Nast, which was run for years by the publishing mogul S.I. Newhouse, is a subsidiary of Advance Publications, which is privately owned by the billionaire Newhouse family and controlled by Donald Newhouse, 89, and his son, Steven O. Newhouse, 61.

Condé Nast International, which is also part of the Advance family, has had its own leadership team, with Jonathan Newhouse, 66, as the chief executive. A cousin of S.I. Newhouse, Jonathan Newhouse will leave his Condé Nast International position once the global chief executive is hired, and will become chairman of the board, the company said.

While Condé Nast has struggled, its European counterpart, whose publications include British Vogue and Vanity Fair Italia, has thrived. Its president is a rising star at the company, Wolfgang Blau, 50, who joined as chief digital officer in 2015 and rose to his current position in 2017.

Earlier this year, Condé Nast said it would merge the American and international versions of its Condé Nast Traveler magazine. Much of Vogue’s photo production, backstage videos, social media posts and other digital coverage of fashion week will be centralized in London.

Mr. Sauerberg will leave the company after 13 years, less than three of them as chief executive. He will continue to represent Advance on the board of Reddit, the social media platform spun off by Condé Nast in 2011, the company said.

Follow Tiffany Hsu on Twitter: @tiffkhsu.

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