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Short Take: iVillage president moves to CEO

iVillage's Candice Carpenter is stepping aside as chief executive and will be replaced by Doug McCormick. Carpenter will serve as chairwoman of the board and will continue to be involved in the strategic initiatives, such as developing global partnerships and building corporate alliances. McCormick, who was previously president, will be responsible for the management and operations of the company. iVillage operates an online women's network.

iVillage's Candice Carpenter is stepping aside as chief executive and will be replaced by Doug McCormick. Carpenter will serve as chairwoman of the board and will continue to be involved in the strategic initiatives, such as developing global partnerships and building corporate alliances. McCormick, who was previously president, will be responsible for the management and operations of the company. iVillage operates an online women's network.