Business News

Meredith CFO Suku Radia to Become Bankers Trust President

Friday 22. February 2008 - Meredith Corporation (NYSE:MDP), one of America's leading media and marketing companies, announced today that Vice President and Chief Financial Officer Suku Radia will become President of Bankers Trust Company in Des Moines, effective March 13, 2008.

Radia, 56, joined Meredith as VP/CFO in February 2000, succeeding current Meredith President and CEO Stephen M. Lacy. Previously, Radia had served as Managing Partner of the Des Moines office of KPMG LLP.

“On behalf of Meredith Corporation and its shareholders, I want to thank Suku for his leadership of our financial activities for the past eight years,” said Lacy. “We’ve enjoyed a strong working and personal relationship, and I wish him much success in his new position.”

Lacy said Meredith will begin an immediate internal and external nationwide search for a new Chief Financial Officer.

“I would like to thank Steve Lacy, Meredith Chairman Bill Kerr and the Meredith family for the wonderful opportunities they have given me over the last eight years,” Radia said. “I have the utmost respect for Meredith Corporation and the outstanding professionals that I had the privilege to work alongside. I wish them all the best.”