The so-called Red Queen of Publishing has lost another key member of her court, Keith J. Kelly reports.
Patrick Brennan, president of Louise Blouin Media, resigned from the troubled publishing company only four months after accepting the top job as the right-hand person of Louise Blou-in.
Blouin, the founder and CEO of a mini-publishing empire that includes Art + Auction, Modern Painters and Blouin Artinfo.com, had picked up the "Red Queen" nickname from former staffers because of her fashion attire as well as her "off with their heads" management style, similar to the queen in the classic "Alice in Wonderland."
Brennan had only joined in February, taking charge of Europe and Asia.
That was right around the time that Ben Hartley, who had labored for Blouin for five years, quit to join an online art auction house, Auctionata. For a while, it seemed that David Gursky, president of internatonal development, was the senior man.
But in July, Brennan was quietly promoted to president. According to his LinkedIn profile, he said he was appointed "with a brief from the owner to turn around the business by finding and hiring new executive talent, restructuring the organization, rebuilding and restoring financial and organizational discipline, reinvigorating sales, repositioning the digital assets and spearheading the creation and launch of new and sustainable revenue streams."
But he apparently resigned Nov. 17 — only four months after getting the job.
"I am leaving because I have achieved everything I can at LBM and am moving to a bigger opportunity," he said via an e-mail response.
Quite a few past executives have gone to court over pay and expense issues, as have several of the company's former suppliers.
Brennan said that fate has not befallen him: "I am not owed any money."
He said he has a new job lined up, but declined to disclose it. "I am going back to an international role with a big media company in the New Year."
Blouin did not answer questions about Brennan's departure. That seems to once again make Gursky, president of international, the senior-ranking executive at the company. He also did not return an e-mail seeking comment.
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