SOURCE: Hearst Corporation
NEW YORK, NY--(Marketwire - Jul 5, 2012) - Steven R. Swartz has been elected a testamentary trustee of the trust established under the will of William Randolph Hearst. The announcement was made today on behalf of Frank A. Bennack, Jr., CEO of Hearst Corporation and a current trustee.
Swartz, 50, chief operating officer and a director of Hearst Corporation, succeeds the late Harvey Lipton as a trustee.
Hearst Corporation, one of the nation's largest diversified media companies, is owned by The Hearst Family Trust. Among other responsibilities, the 13 trustees elect members to the Corporation's Board of Directors.
With Swartz's election, the trustees of The Hearst Family Trust are: James M. Asher; David J. Barrett; Anissa B. Balson; Bennack; John G. Conomikes; Ronald J. Doerfler; Lisa Hearst Hagerman; William R. Hearst III; Gilbert C. Maurer; Mark F. Miller; Virginia Hearst Randt; and Swartz. A successor trustee has not yet been named to fill the vacancy created by the death of George R. Hearst, Jr., who passed away June 25.
Prior to his promotion to COO in March 2011, Swartz was a senior vice president of the Corporation, president of Hearst Newspapers since 2009, and executive vice president of Hearst Newspapers from 2001 to 2008.
He began his career as a reporter with The Wall Street Journal in 1984 after graduating from Harvard.
About Hearst Corporation
Hearst Corporation (www.hearst.com) is one of the nation's largest diversified media and information companies. Its major interests include ownership of 15 daily and 36 weekly newspapers, including the Houston Chronicle, San Francisco Chronicle, San Antonio Express-News and Albany Times Union; hundreds of magazines around the world, including Good Housekeeping, Cosmopolitan, ELLE and O, The Oprah Magazine; 29 television stations, which reach a combined 18 percent of U.S. viewers; ownership in leading cable networks, including Lifetime, A&E, History and ESPN; significant holdings in the automotive, electronic, medical/pharmaceutical and financial information industries; Internet and marketing services businesses; television production; newspaper features distribution; and real estate. Follow us on Twitter @HearstCorp.