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Posts Tagged ‘Mitchell Scherzer’

Mitchell Scherzer Named Trustee of Hearst Family Trust

Mitchell Scherzer GMitchell Scherzer, currently senior vice president and chief financial officer of Hearst Corporation, has been elected a trustee of the Hearst Family Trust. The trustees have a variety of duties, including electing the corporation’s board of directors.

The trustees of the the Hearst Family Trust now include Scherzer, James Asher, David Barrett, Anissa Balson, Frank Bennack, John Conomikes, Lisa Hearst Hagerman, George Hearst III, William Hearst III, Gilbert Maurer, Mark Miller, Virginia Hearst Randt and Steven Swartz.

The Hearst Family Trust, established under the will of William Randolph Hearst, owns Hearst Corporation.

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William Hearst Named Chairman of Hearst Corporation

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.

Hearst Promotes Sophia Stuart To Lead Digital For International Unit

sophia.jpg

No doubt about it, Hearst Corp. has been busy hiring, promoting and bringing on new people. Abigail Pesta moved from deputy director to editor-at-large for Marie Claire last month, four executives joined the board of directors in October and former investment banker Mitchell Scherzer was appointed as a new VP and CFO of the company in early November.

So it’s no surprise that the company, which did make some cuts this year along with everyone else, is continuing to hire from within. Today, Hearst announced that Sophia Stuart — who most recently worked as executive director for mobile content for Hearst Magazines Digital Media — would be moving on up to executive director of digital content for Hearst Magazines International.

Says Stuart, “I have enjoyed my time working with Hearst’s domestic magazine brands on mobile expansion, and look forward to working with [HMI's president and CEO Duncan Edwards] and his team to bring new ideas and relationships to our many magazine partnerships internationally. There’s enormous potential in the digital space and I hope to be able to leverage those opportunities.”

Full press release after the jump.

Previously: Hearst Names Investment Banker New CFO, We Hear: Layoffs at Good Housekeeping, Hearst To Cut Permalancers

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Hearst Names Investment Banker New CFO

MitchScherzer.jpgHearst Corp. has appointed a new vice president and CFO, Mitchell Scherzer.

Scherzer joins the magazine publisher after working in financial services and M&A for more than two decades. He most recently served as a managing director of The Silverfern Group, where he headed up the merchant banking firm’s media and communications business. Scherzer spent 13 years at Goldman Sachs focusing on mergers and acquisitions and media, then went on to lead JP Morgan’s U.S. Media Investment Banking team for five years before joining Silverfern.

After taking over his new post on November 16, we’ll wait to see if Scherzer’s M&A experience will help Hearst expand or sell off titles.

Full release after the jump

Related: Hearst Promotes, Reorganizes Digital Staff

(Photo via The Silverfern Group)

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