The Toronto Star, one of Canada's largest daily newspapers, has appointed a new president and chief executive officer (CEO) as it prepares to relocate from its iconic headquarters at One Yonge Street on Lake Ontario.
The newspaper said that Marina Glogovac will move into the top executive role starting on June 1. Glogovac, currently president and CEO of fundraising company CanadaHelps, has experience in e-commerce and media including at St. Joseph's Media and its flagship magazine Toronto Life.
The newspaper says Glogovac will takeover from Lorenzo DeMarchi, who was serving in an interim capacity and will be returning to his previous role as chief investment officer for Torstar Corp., the parent company of the Toronto Star.
Paul Rivett and Jordan Bitove, co-owners of Torstar, say Glogovac's news media leadership and digital subscription experience uniquely position her to lead the “journey of reinvention” at the Toronto Star.
Glogovac also assumes the helm of the newspaper as its editorial staff prepares to vacate the Toronto Star’s flagship headquarters building at One Yonge Street for a new undisclosed location.
The Toronto Star has endured mounting financial losses and dwindling subscription numbers for more than a decade. Several previous attempts to reinvent the newspaper and boost its online presence have failed.
