Exit This Way
The Third Degree
Video sharing service Vimeo, also known as the rich man’s YouTube, announced an executive-level shakeup this morning via a press release from parent company InterActiveCorp. Kerry Trainor, the senior vice president of AOL Huffington Post Media Group, is joining Vimeo as CEO. He’ll be taking over for Dae Mellencamp, who has been CEO and president of Vimeo since 2009. Ms. Mellencamp will keep her title as president, but hand over the CEO reins to Mr. Trainor.
On the heels of IAC’s impressive year-end financials—showing revenues up 26 percent to $2.1 billion and profits up 75 percent to $174 million—the Financial Times decided to profile CEO Greg Blatt.
Mr. Blatt, if you recall, was put in place as Barry Diller’s successor in December, 2010. A former lawyer at Watchell Lipton, he helped take Martha Stewart Omnimedia public in 1994 and helped IAC spin off online properties like Expedia and Ticketmaster during the company’s “disaggregation period.”