Dean Baquet, the executive editor of the New York Times, sent out a message to the staff on Wednesday naming new senior leadership at the paper that also had the following:
As we welcome some new names to the senior levels of the newsroom, we will be saying farewell to one of our finest leaders. LAWRENCE INGRASSIA, who led the business desk through the great financial crisis of 2008 while producing strong investigative reporting, has told me he would like to retire at the end of the year. I will say much more about Larry in a later note. But a couple of thoughts to get the ball rolling. Besides leading some of our best coverage, he brought a generation of young reporters to The Times who have made significant contributions to every aspect of our report. Most recently, he led the transformation of The International New York Times.
Ingrassia joined The Times in 2004 after 25 years at The Wall Street Journal, where he worked as a reporter and held several editing positions, including assistant managing editor. He oversaw The Times’s coverage of the economic crisis that was a finalist for the Pulitzer Prize for public service in 2009.
Ingrassia was named the winner of the 2009 Minard Editor Award, honoring excellence in business and economic journalism editing, one of the annual Gerald Loeb Awards for distinguished financial journalism.
