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David Carey, president of Hearst Magazines, will be stepping down from his role at the end of the year and will become chairman through 2019.
Under Carey, Hearst acquired Hachette magazines including Elle, and Rodale titles including Women’s Health, Men’s Health and Runner’s World.
“I’m proud of our collective performance during a period of broad media sector change,” Carey wrote in an email to employees. “Thanks to you, we have outperformed our peer set, completed acquisitions large and small, constantly reimagined our print business models, built a highly profitable digital business, launched many new joint ventures, more firmly linked our U.S.
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