Lemarchand's Out at Hachette--What Does That Mean for Elle?
Alain Lemarchand, longtime exec at Hachette Filipacchi Media U.S., has resigned as CEO of the company. He'll be replaced by Steve Parr on October 1. However, Lemarchand isn't leaving the French media firm altogether. WWD reports that he'll take on a senior roll within Lagardere Active. Hachette is part of Lagardère Active (which is in turn a subsidiary of French conglomerate Lagardère), which means this might be some sort of promotion. It's also a slight indication that Elle magazine is finally, actually going to be sold.