Norman Pearlstine, vice chairman of Time Inc., will retire from the company on July 17, the publisher of Fortune and Money magazines announced Monday.
Pearlstine, 74, has been vice chairman since July 2016. He previously served as Time Inc.’s editor-in-chief from 1995 through 2005.
“When I moved from chief content officer to vice chairman a year ago, it was understood that this would be a natural bridge to my retirement a year later,” explained Pearlstine in a statement.
Pearlstine is also the former managing editor of The Wall Street Journal and the former chief content officer at Bloomberg.
Following his retirement from Time, Pearlstine plans to advise early-stage domestic and international media firms, including Money.net, where he serves as chief information architect.
“No one can fill Norm’s shoes,” said Alan Murray, the company’s chief content officer and former Fortune editor. “He is a giant in the media world.”
Prior to rejoining Time in 2013, Pearlstine also served as chairman of Bloomberg Businessweek and co-chairman of Bloomberg Government.
He worked for The Journal for 23 years, including eight years as its managing editor and before that as the first managing editor of the Journal’s Asian edition and the first editor and publisher of its European edition. He also worked for two years as executive editor of Forbes magazine.
After leaving the Journal in 1992, Norm launched Smart Money magazine for the Journal’s parent, Dow Jones & Co.
Pearlstine has received numerous honors over the course of his career, including the American Society of Magazine Editors’ Lifetime Achievement Award, the Loeb Lifetime Achievement Award for Distinguished Business and Financial Journalism and National Press Foundation’s Editor of the Year Award.
