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New York Times' CFO James Follo to retire after 10-year stint in early 2018

The Times said it was considering candidates from both inside and outside the company to succeed Follo, who is also executive vice president

Reuters 

Representative image. Photo: Reuters
Representative image. Photo: Reuters

The New York Times' Chief Financial Officer will retire early next year, the company said on Wednesday, ending a more than 10-year stint at the newspaper publisher.

The Times said it was considering candidates from both inside and outside the company to succeed Follo, who is also executive vice president.

Follo's tenure at the Times represented a crucial transition period for the company, which has been trying to transform itself into a powerhouse to offset falling in its traditional business.

The Times has been posting better-than-expected financial results in recent quarters, spurred by higher

Follo took over as the Times' finance chief in January 2007 after serving in a similar capacity at Martha Stewart Living Omnimedia Inc.

The Times will retain an executive search firm to help find Follo's successor, it said.

 

First Published: Wed, October 25 2017. 21:49 IST
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