Philip Stolz, who has been senior vice president of Hearst Television since 1998, will retire next year, the company announced today.

The retirement caps more than 40 years in the television industry. Stolz began his career as an account executive and sales manager at WXOW in La Crosse, WI, and eventually went on to serve as general manager for WBAL in Baltimore, WDTN in Dayton, WQOW in Eau Claire, WI, and KCRG in Cedar Rapids, IA.

“Phil’s insightful understanding of television news, programming, sales and community engagement, coupled with his sound business judgment, has contributed enormously to the success and positive reputation of our company,” Hearst president and CEO David Barrett said in a statement.  “And he has always had a sharp eye for talent of every kind, helping us to populate our ranks with so many outstanding colleagues.  We are indebted to Phil for his superb contributions.”

Stolz will transition to an advisory role ahead of his retirement, which is set for February 1, 2013. He will assist executive vice president Jordan Wertlieb and senior vice president Frank Biancuzzo as they assume responsibility for the 10 stations that Stotz currently oversees.