NEW YORK, Oct 09, 2008 (BUSINESS WIRE) -- The New York Times announced today that Roland A. Caputo has been named senior vice president, chief financial officer, and David A. Thurm has been named senior vice president, operations. Both men will report to Scott Heekin-Canedy, president and general manager, The New York Times and the changes will be effective November 1.
Mr. Caputo will add responsibility for The New York Times Media Group systems department. In his new role Mr. Thurm will oversee three departments: outside printing, New York production and building operations. He will also have responsibilities for real estate transactions across the corporation and report to Michael Golden, vice chairman, The New York Times Company, in that role.
"We are delighted to make this announcement regarding Roland and David," said Mr. Heekin-Canedy. "Roland has provided strong financial leadership, contributing to our exceptional expense performance that has been so critical in a period of revenue softness and volatility. David brings a wealth of expertise, experience and accomplishment to his new role."
Mr. Caputo, 48, was named vice president and chief financial officer for The New York Times newspaper in 2006. Previously, he was vice president of circulation fulfillment services since 2001 and before that was the vice president of circulation business development since 2000. Mr. Caputo was president of The Times's City & Suburban Delivery Systems from 1999 to 2000 after having served as the group director and plant manager of The Times's Edison plant since 1996. Mr. Caputo joined The Times in 1986 as a financial analyst and then moved into various labor relations and production management roles. Mr. Caputo received a B.A. in economics, magna cum laude, from the State University of New York at Oneonta in 1982 and an M.B.A. in finance and applied economics from the University of Rochester in 1984.
Mr. Thurm, 54, was named chief information officer for The New York Times Company and The New York Times newspaper in 2004, and was promoted to senior vice president at the newspaper in 2006. Previously Mr. Thurm was vice president, real estate development of the Times Company since 2000. He led the team that built the Times Company's new headquarters building, and built and expanded The Times's printing plant in Queens. He joined the Times Company as an attorney in 1982 and worked in a variety of management positions before being named chief operating officer of New York Times Digital in 1999. Before that Mr. Thurm was an associate at the law firm Rogers & Wells since 1978. He received an A.B. degree from Harvard University in 1975, a J.D. degree from New York University School of Law in 1978 and is admitted to practice law in New York.
The New York Times Company (NYSE: NYT), a leading media company with 2007 revenues of $3.2 billion, includes The New York Times, the International Herald Tribune, The Boston Globe, 16 other daily newspapers, WQXR-FM and more than 50 Web sites, including NYTimes.com, Boston.com and About.com. The Company's core purpose is to enhance society by creating, collecting and distributing high-quality news, information and entertainment.
This press release can be downloaded from www.nytco.com
SOURCE: The New York Times Company
The New York Times Company Kristin Mason, 212-556-4059 firstname.lastname@example.org
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