Under Mann, Condé Nast also overhauled its sales infrastructure to operate as a global company, and it transitioned into a digitally native operation wherein the majority of its revenue comes from digital products.
In 2021, the company said it generated its first profit in years. More recently, Condé Nast posted flat revenue gains in 2023, with losses in advertising offset by growth in its subscription, commerce and events businesses, according to Axios.
“[Mann] is leaving at a time when our commercial operations are better than ever because she’s built a tremendous team of leaders and experts around the globe,” Lynch said in a statement. “They have been resilient to the publishing industry’s headwinds, always pivoting and finding ways to over-deliver and put us on top.”
Her departure comes at a key juncture for the media industry, as generative AI threatens to undermine the landscape of search traffic, as well as core functions like the production of text, imagery and video.
“What started as a print magazine company now reaches over a billion consumers worldwide, and bringing in new audiences has unlocked creative and commercial opportunities never before imagined,” Mann said.
“This incredible transformation would not have been possible without your dedication and hard work, and I’m honored to have been a part of it,” she added.
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