Arthur Ochs Sulzberger Jr. will be retiring as chairman and a member of The New York Times Co. board by the end of the year.
Sulzberger Jr. will be succeeded by his son, A.G. Sulzberger.
Sulzberger issued a statement Wednesday about his retirement:
“Serving this essential institution and working alongside so many gifted journalists over the years has been the privilege of my life. There’s an old saying, ‘Laurels are nice to wear, but never to rest upon.’ I know A.G. will not rest in his drive to empower our journalists and expand the scope of The Times’s ambitions. And with a dynamic new C.E.O. and the best executive editor in the business, I depart knowing the best is yet to come.”
Sulzberger came to the Times in 1978 as a correspondent. He helped transform the newspaper, known as “The Gray Lady”, into a digital media company. In 1992, Sulzberger was named publisher of the paper his family bought more than a century earlier.
Under his leadership, the Times won 61 Pulitzer Prizes, a record for any news organization.
Sulzberger was named chairman in 1997.
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