Just before the Christmas holidays, newly appointed Time Inc. CEO Jack Griffin put the finishing touches on changes in the executive suite with the formation of two new divisions, one for news and one for sports.

Mark Ford has been promoted to executive vice president of Time Inc. and president of the Sports Group, responsible for the Sports Illustrated franchise.

Additionally, John Q. Griffin (no relation to Jack Griffin) has been named executive vice president of Time Inc and president of the News Group, responsible for Time, Fortune and Money properties.  He was previously president of publishing at the National Geographic Society. Within that group, Kim Kelleher will become publisher of Time and Brendan Ripp, currently the publisher of Time, moves over to become publisher of Money.

Kelleher’s spot as publisher of Sports Illustrated will be filled by Frank Wall.

Griffin, who took over the helm of Time Inc at the end of September, has structured the magazine brands into six divisions: sports, news, style and entertainment, life style, marketing services, and its international unit (IPC).