Money magazine names Harris its editor, replacing Matters

Time Inc. executive vice president Evelyn Webster sent out the following announcement on Tuesday:

I am pleased to announce that I am appointing Diane Harris Editor of Money, effective immediately. She will report to me with a dotted line to Norman Pearlstine.

Diane takes the reins from Craig Matters, who has decided to step down to pursue a second career in education. During his six-year tenure at Money, the magazine earned numerous accolades including a 2012 Gerald Loeb Award, the highest honor in business journalism. Craig has held a series of senior leadership positions during his 17 years at Time Inc., including as the founding editor of CNNMoney.com and as an executive editor at Fortune. Please join me in thanking him for his many years at Time Inc.

I am delighted to have in Diane a strong leader who we are able to elevate seamlessly into the top job. Diane joined Money in 1983 as writer, left in 1992 as a senior editor and rejoined the magazine as a top editor ten years ago. In her two stints at the title she has won a National Magazine Award for her coverage of the 1987 stock market crash, edited several award-winning series and features, and worked entrepreneurially to develop extensions for the brand. She has written monthly columns in Parenting and AARP magazine and is the co-author of a personal finance book for women, with Georgette Mosbacher, called “It Takes Money, Honey,” based on a feature Diane originally wrote for Money. And I would be remiss not to point out that Diane is the first woman to hold the job of Editor at Money.

In the past year, Money launched a new website that already reaches more than four million unique visitors a month and created a groundbreaking college ranking franchise, a project Diane led. I am confident she will prove to be a strong successor to Craig.

I’m also pleased to announce that Ellen Stark becomes Executive Editor of Money, replacing Diane.

Please join me in congratulating Diane and Ellen and in wishing Craig the best of luck in his next chapter.