Terry Snow, the founder of World Publications who folded his company into the Bonnier Corp and then purchased 18 magazines titles from Time Inc. (including TransWorld Media) has announced that he will officially retire on January 14, 2013, according to a story in Folio. Taking over for Snow will be his long-time number two and current SVP of Bonnier Active Interest Dave Freygang.
“I’ve worked closely with Dave for many years, and I am very happy to see him take over the leadership role,” says Snow in a statement. “For me, it’s been an amazing journey working with so many talented people at Bonnier who day-in and day-out create fabulous brands. I know Bonnier Corp. has a great future ahead and I look forward to contributing in new ways.”
Snow will reportedly continue as a shareholder and member of the board of directors. Seems like Snow timing continues to be almost perfect.