Steven Swartz is one step closer to the CEO position of Hearst Corp. Today, Hearst announced that Swartz, 50, was adding the title of president to his current role of COO.
Hearst CEO Frank A. Bennack Jr. has reportedly been grooming Swartz as his heir. Bennack, 79, has been the company’s CEO since 1979 (he briefly retired from 2002 to 2008) and is likely looking at another retirement in the not-so-distant future.
“We have a very bright and able chief operating officer,” Bennack told The Financial Times in September.
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