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Time Inc. Magazines has made the following executive changes:

- Richard B. Thomas, 57, senior vice president-advertising of Time Inc. Magazines, will retire after 31 years with the company and will become a company consultant.

- Donald M. Elliman Jr., 44, publisher of People magazine, will become executive vice president-marketing, a newly created position, responsible for all group-wide advertising sales, marketing and information activities.

- Lisa Valk, 38, publisher of Life magazine, will succeed Elliman as publisher of People.

- Katherine Bonniwell, 41, worldwide director of consumer marketing for Time magazine, will become publisher of Life.

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- David L. Long, 42, advertising sales director of Life, will add the title of associate publisher of Life.

Bonniwell’s appointment is effective on Nov. 1. Thomas’ retirement and all the other appointments will take effect on Dec. 1.

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