They don’t make magazine editors like Carol Wallace anymore. Tough, funny, opinionated, eccentric, totally dedicated to her work and virtually unerring in her instincts for what readers really want, Carol is straight out of central casting. In her five years as managing editor of PEOPLE, she has guided this magazine to unprecedented success. But somehow along the way, in escaping from the pressure cooker of her job, she fell in love with Scotland, specifically the town of Aberfeldy, where she bought a house and opened a day spa last November. She hopes to spend six months there each year, beginning in 2003.

Carol first told us last summer that she was going to pack it in at PEOPLE, and we begged her to stay for a while longer. Her assent was fortuitous, given the performance she and her staff turned in on Sept. 11 and in the weeks and months that followed. For their remarkable efforts on that story, PEOPLE was presented with a Henry R. Luce Award—a fitting cap to a great magazine career. We are sorry to lose Carol at PEOPLE, but we’re glad that she will remain at Time Inc. for now as a consultant.

In searching to replace such a legend, we considered a variety of qualified candidates, both within and outside our own company, and we eventually concluded that no one could touch our own Martha Nelson, an editing legend in her own right. A former staffer at PEOPLE, Martha is the author of one of magazine publishing’s greatest recent success stories: IN STYLE magazine.

Taking it from the germ of an idea, Martha launched IN STYLE in 1994 and quickly built it into the singular franchise that it is today. IN STYLE is a finalist in this year’s National Magazine Awards, in the category of general excellence. Not coincidentally, Martha is also tough, funny, opinionated, eccentric, totally dedicated to her work and virtually unerring in her instincts for what readers really want. Yes, Carol’s shoes will be tough to fill. But we are most fortunate that we happened to know one of the very few editors who can do it. We are confident that you, the readers of PEOPLE, are in for a real treat.

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