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Posts Tagged ‘Steven Swartz’

Hearst CEO Addresses the Troops

TN-490766_StevenSwartzDec08Steven Swartz, CEO of Hearst, has sent out a letter to staffers explaining what was successful in 2013, and how the company will navigate 2014. It’s the typical “state of the union” note that every CEO pens, filled with phrases like “growth strategy” and “core portfolio.” Still, it’s worth a read.

One section we found interesting is how Hearst is growing in the healthcare sector:

In December, we announced the acquisition of 85 percent of Homecare Homebase, a leader in the field of providing software, data and analytics to the fast-growing homecare and hospice industries. Homecare Homebase, founded and led by CEO April Anthony, becomes the fourth significant company in the Hearst healthcare portfolio, along with First Databank, Zynx Health and MCG. In its first full year under our ownership, MCG, led by President and CEO Jon Shreve, outperformed our optimistic expectations and finished the year with profits up more than 25 percent.

See below for Swartz’s full note.

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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.

Hearst Names Co-Presidents of Hearst Entertainment & Syndication

hearst-corporation-logo2Hearst Corporation has tapped Neeraj Khemlani and George Kliavkoff to be co-presidents and group heads of Hearst Entertainment & Syndication. In this role, the duo will oversee the management teams at Hearst’s jointly-owned cable networks and production companies, such as A&E, History and Lifetime.

Khemlani has been with Hearst since 2009. He was most recently senior VP and chief creative officer for Hearst Corporation. Kliavkoff joined Hearst in 2009 as well. He most recently served as executive VP and deputy group head of Hearst Entertainment & Syndication.

See below for the memo from Steven Swartz, Hearst’s president and CEO, announcing the changes.

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The Steven Swartz Era Begins at Hearst

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.

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Lincoln Millstein Named Senior VP of Hearst


Hearst Corporation has named Lincoln Millstein senior vice president and special assistant to the CEO, Steven Swartz. Millstein has been with Hearst since 2005, most recently serving as executive VP and deputy group head of Hearst Newspapers.

Swartz, who takes over as Hearst Corporation’s CEO June 1, said of Millstein, “Over the past eight years, Lincoln has become both a trusted advisor and digital media leader in the company. His digital experience, knowledge of management and operations, and strong working relationships throughout Hearst will be great assets to me and all of our senior leadership team.”

Part of Millstein’s new role will be to “function as a senior advisor to Swartz on a wide range of issues,” according to Hearst.

Steven Swartz to Succeed Frank Bennack as Hearst CEO

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.”

Steven Swartz Promoted to President, COO of Hearst

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.

Seattle P-I to Cease Printing Tomorrow

275globemoon.jpgIt’s official. After 146 years the Seattle P-I will cease to print tomorrow and exist solely online. In a press release, president of Hearst Newspapers, Steven Swartz said the Web site “isn’t a newspaper online — it’s an effort to craft a new type of digital business with a robust, community news and information Web site at its core….The Web is first and foremost a community platform, so we’ll be featuring new columns from prominent Seattle residents; more than 150 reader blogs, community databases and photo galleries. We’ll also be linking to the great work of other Web sites and blogs in the community.” Video of the announcement after the jump.

NYConvergence is speculating that George Kliavkoff, the former NBC Universal exec who helped conceive of Hulu, who was just hired by the Hearst Corporation may be involved in the new P-I online operation.

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