— Stephanie D. Smith
TRAVELING ON: Julie McGowan is stepping down as publisher of Travel + Leisure after just over a year in the position. She will also leave American Express Publishing after 12 years, which included a successful run as publisher of Food & Wine. Employees were informed of the move in a memo from company president Ed Kelly, who wrote: "While she conceded that it was a difficult decision, Julie has concluded that, for a number of personal and professional reasons, it is the right time to close this chapter and move on." Ad pages at Travel + Leisure were down 16.4 percent year to date through September, and the magazine has been losing market dominance to main competitor Condé Nast Traveler — up 9.5 percent in the first nine months and celebrating its 20th anniversary. McGowan did not respond to requests for comment and the memo did not disclose her plans. A successor has yet to be named.
— Irin Carmon