Categories: OLD Media Moves

Dow Jones splits top roles

With the upcoming retirement of chairman Peter Kann, Dow Jones & Co. has decided to split the roles of chairman and CEO between two people, writes the New York Post’s Janet Whitman.

Whitman wrote, “The about-face comes as rival newspaper giant The New York Times is battling an investor campaign to shake up its corporate structure and wrest control from the Sulzberger family.

“Dow Jones, which is controlled by the Bancroft family through a special class of shares, has long raised the ire of investors concerned about good corporate behavior.

“The company announced yesterday that it would nominate independent director Peter McPherson, 66, to succeed longtime Chairman Peter Kann.

“Kann relinquished the CEO title in January 2006 to Rich Zannino. It was unclear at the time whether Zannino, 48, would inherit the chairman title when Kann, 64, retired at the company’s annual meeting this April.”

Read more here. The release can be found here.

Recent Posts

PCWorld executive editor Ung dies at 58

PCWorld executive editor Gordon Mah Ung, a tireless journalist we once described as a founding father…

2 days ago

CNBC taps Sullivan as “Power Lunch” co-anchor

CNBC senior vice president Dan Colarusso sent out the following on Monday: Before this year comes to…

3 days ago

Business Insider hires Brooks as standards editor

Business Insider editor in chief Jamie Heller sent out the following on Monday: I'm excited to share…

3 days ago

Is this the end of CoinDesk as we know it?

Former CoinDesk editorial staffer Michael McSweeney writes about the recent happenings at the cryptocurrency news site, where…

3 days ago

LinkedIn finance editor Singh departs

Manas Pratap Singh, finance editor for LinkedIn News Europe, has left for a new opportunity…

5 days ago

Washington Post announces start of third newsroom

Washington Post executive editor Matt Murray sent out the following on Friday: Dear All, Over the last…

6 days ago