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Posts Tagged ‘Frank Bennack’

Revolving Door

Steven Swartz to Succeed Frank Bennack as Hearst CEO

By Chris O'Shea on March 28, 2013 10:00 AM

A changing of the guard is about to take place at Hearst Corporation. Steven Swartz, currently the company’s president and COO, is going to succeed Frank Bennack as CEO. Swartz will become only the company’s seventh CEO when he takes on the role June 1.

Bennack — who has been with Hearst for 50 years, and CEO for 28 of those — will stay on as executive vice chairman of the company’s board and chairman of its Executive Committee. Swartz has been groomed for the top spot for quite awhile, but it is still a marked changed in the company’s history. The only person who served as CEO of Hearst longer than Bennack is William Randolph Hearst.

Swartz has been COO since early 2011 and added the president role late last year. Prior to his promotion to COO, he served as senior vice president and president of Hearst Newspapers. In a statement, Bennack said Swartz was more than ready to be CEO.

“Steve has dedicated himself to our company for more than 20 years and during the past two years we have been working side-by-side to position Hearst for our next 100 years. I speak on behalf of the entire Board of Directors when I say we have the utmost confidence in Steve stepping into the role of CEO in June and leading Hearst into a strong future of successful media and information businesses and brands around the globe.”

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Revolving Door

William Hearst Named Chairman of Hearst Corporation

By Chris O'Shea on January 22, 2013 9:18 AM
William Hearst III has been named the new chairman of Hearst Corporation. Hearst has been a director of the company for over 30 years and is a trustee of the Hearst Family Trust. Hearst succeeds the late George Hearst Jr. as chairman.

“Will has been involved in the activities of Hearst Corporation for decades,” said Frank Bennack, CEO of Hearst, in a statement. “He is a respected media leader, having honed his skills as a newspaper publisher, magazine editor and cable executive. His support and vision as chairman will be invaluable to Hearst moving forward.”

In related company news, the following were named to the board of directors:

  • Mark Aldam, president of Hearst Newspapers
  • Eve Burton, senior vice president and general counsel of Hearst Corporation
  • Mitchell Scherzer, senior vice president and CFO of Hearst Corporation
  • Samia Staehle, an attorney and great-granddaughter of William Randolph Hearst
  • Christian Tarafa, former longtime executive at Hearst Magazines UK and great-grandson of William Randolph Hearst.

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Revolving Door

Steven Swartz Promoted to President, COO of Hearst

By Chris O'Shea on December 5, 2012 4:05 PM

Steven Swartz has been promoted from executive vice president and chief operating officer of Hearst Corporation to president and chief operating officer. Swartz has been COO since March of last year. Prior to that he was senior vice president of Hearst Corp. and president of Hearst Newspapers.

“Having worked with Steve for more than 20 years, I’m highly confident he will succeed in this new role — just as he has in every position he’s held with Hearst since 1991,” Frank Bennack, CEO of Hearst Corp., said in a statement. “He has my full support, and that of the entire Board of Directors, as he continues to increase his day-to-day responsibilities in helping to run the corporation.”

Swartz’s appointment is effective immediately.

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Revolving Door

Hearst Newspapers Promotes Lincoln Millstein

By Chris O'Shea on March 26, 2012 11:52 AM

Lincoln Millstein has been promoted from Senior Vice President of Digital Media to Executive Vice President, Deputy Group Head, of Hearst Newspapers. Millstein succeeds Mark Aldam, who was named President of Hearst Newspapers in March 2011.

“Lincoln has made a tremendous contribution since joining Hearst, expanding our newspapers’ portfolio of digital products and services,” said Hearst Corporation’s CEO, Frank Bennack. “We congratulate him on his promotion.”

Millstein has been with Hearst since 2005, when he joined the company after serving as Executive Vice President of New York Times Digital.

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