SOURCE: Hearst Corporation
NEW YORK, NY--(Marketwire - Jan 22, 2013) - Hearst
Corporation announced today that William R. Hearst III -- a director of
the Corporation and trustee of the Hearst Family Trust established under
the terms of the will of William Randolph Hearst -- has been elected
chairman of the Corporation.
Three executives and two members of the Hearst family were also elected to
the Corporation's Board of Directors: Mark E. Aldam, 49, president of
Hearst Newspapers; Eve Burton, 54, senior vice president and general
counsel, Hearst Corporation; Mitchell I. Scherzer, 50,
senior vice president and chief financial officer, Hearst Corporation;
Samia B. Staehle, 43, an attorney and great-granddaughter of William
Randolph Hearst; and Christian A. Tarafa, 43, former longtime executive at
Hearst Magazines UK and great-grandson of William Randolph Hearst.
The announcements were made by Frank A. Bennack, Jr.,
executive vice chairman and CEO of Hearst Corporation.
William R. Hearst III succeeds the late George R. Hearst, Jr., as chairman.
He is George's cousin and a grandson of the company's founder, William
"Will has been involved in the activities of Hearst Corporation for
decades," Bennack said. "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
"Hearst Corporation has been steered to consistent success by a capable
management team, led by our CEO Frank Bennack," Hearst said. "We have also
benefited from many gifted editors, writers, photographers and producers
around the world. My grandfather believed recruiting and retaining great
talent was the major determinant of competitive advantage. An important
goal will be to continue that tradition."
Hearst, 63, has been a director of Hearst Corporation for more than 30
years and has been actively engaged in the charitable activities and
programs of the Hearst Foundations for the last 20 years. Hearst is also a
partner emeritus at the venture capital firm Kleiner Perkins Caufield &
Prior to joining KPCB in 1995, he served for 10 years as editor and
publisher of the San Francisco Examiner, then owned by Hearst Corporation.
Hearst began his career with the Examiner in 1972 as a reporter and
assistant city editor. He moved on to Outside magazine, but subsequently
rejoined Hearst, first at the Los Angeles Herald Examiner and later as vice
president of Hearst Cable Communications.
Aldam was named president of Hearst Newspapers in March 2011. Before that
he had been executive vice president, deputy group head of Hearst
Newspapers since March 2010. Aldam joined Hearst in 2006, as publisher of
the Albany Times Union, and prior to that, was senior vice president/chief
operating officer of The Hartford Courant since 2005, first joining the
Tribune paper in 1994.
Burton joined Hearst as vice president and general counsel in November
2002. Before that, she was vice president and chief legal counsel at CNN
from 2000 to 2001, and vice president and deputy legal counsel at the New
York Daily News from 1998 to 2000, first joining the Daily News in 1995.
Scherzer was named vice president and chief financial officer of Hearst in
November 2009. Prior to Hearst, he headed the media practice at The
Silverfern Group from 2008 to 2009, and was a managing director at JP
Morgan and head of its U.S. Media Investment Banking division since 2002.
Scherzer began his career at Goldman Sachs in 1989, ultimately serving as
co-head of its media group.
Staehle, a 2004 graduate of Seattle University School of Law, is a licensed
attorney and an active member of the Washington Bar. Previously, she was a
producer for the Associated Press's television division, based in London
and Paris, and freelance news producer in Washington D.C. and Los Angeles.
From 1990 to 2012, Tarafa held a number of executive positions at Hearst
Magazines UK. He was appointed publisher of House Beautiful and Coast
magazines in 2011, after working at House Beautiful and a number of other
areas of Hearst's U.K. business, including circulation, publicity, sales
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 and
medical/pharmaceutical industries; a 50 percent stake in the global ratings
agency Fitch Group; Internet and marketing services businesses; television
production; newspaper features distribution; and real estate. Follow us on