The only person who served as CEO of Hearst Corporation longer than Frank Bennack was a fella by the name of William Randolph Hearst. That’s one hell of a tenure. But all good things must come to an end, and for Bennack, that day was this past Saturday. Beginning today, Steven Swartz is the new CEO of Hearst.
In a final note to Hearst staffers, Bennack expressed gratitude and hope for the future of the company:
Three decades of growth, diversification and unlimited excitement—I fondly hope that you share my enthusiasm and pride for what has been achieved. To those who joined me early in my tenure or preceded me, I extend deeply felt thanks for the opportunity to have stood beside you, or in the latter case to have stood on your shoulders. As for today’s associates at every level and in every line of business, I salute you for your remarkable achievements and dedication. Your work is not done and I have every confidence that the best is yet to come for you and for Hearst.