The New York Times Company Appoints William Bardeen as Chief Financial Officer
10 May 2023 - 9:01PM
Business Wire
This press release can be downloaded from
www.nytco.com
The New York Times Company (NYSE: NYT) announced today that
William Bardeen, chief strategy officer, has been appointed
executive vice president and chief financial officer, effective
July 1, 2023. Roland A. Caputo, who announced his planned
retirement as C.F.O. in December 2022, will remain with the company
through September 30, 2023, to help ensure a smooth transition of
responsibilities.
“Will has been a key leader within our finance organization,
helping to develop and execute our transformation into a global
digital-first, subscription-first business and to drive our
disciplined M&A strategy,” said Meredith Kopit Levien,
president and chief executive officer. “Following a comprehensive
search that evaluated both internal and external candidates, it
became clear that Will is the most uniquely suited and qualified
leader to succeed Roland as C.F.O. Few people understand our
business, strategy and marketplace like Will does, and his
expertise will be critical as we advance our essential subscription
strategy and build a larger and more profitable company. I look
forward to working closely with Will in his new role as we build on
our momentum and create value for shareholders.”
“I’ve dedicated most of my career to helping ensure the business
and financial success of The Times, and I am honored to step into
the C.F.O. role during this important time for the company,” said
Bardeen. “We’re driving results through a clear strategy
underpinned by our news and lifestyle products. Looking ahead, I’m
excited to continue working with Meredith and the rest of the
leadership team as we deliver on our near- and mid-term financial
and operational objectives.”
Kopit Levien continued, “Roland will stay on through the end of
the third quarter of this year to facilitate a seamless transition.
On behalf of the board and leadership team, we thank Roland for his
years of dedication and service to The Times and wish him the best
in his well-deserved retirement.”
In a separate press release published today, the company
announced its first quarter 2023 financial results. The results
have been posted and are available at investors.nytco.com. In
addition, the company will hold its previously scheduled earnings
conference call today, May 10, 2023, at 8:00 a.m. E.T. to discuss
the results.
About William Bardeen
Mr. Bardeen, 48, has almost 20 years of experience at The New
York Times Company, joining the company in 2004. He’s served as
chief strategy officer since 2018, overseeing the company’s
strategy, business development, mergers and acquisitions, investing
and financial planning and analysis activities as well as investor
relations on an interim basis since March 2023. Prior to that, he
was senior vice president of strategy and development from 2013 to
2018, where he helped lead the company’s transformation from a
traditional U.S. media conglomerate into a global digital
subscription service, unified by the journalism and brand of The
New York Times. Bardeen has also served in various other leadership
roles at The Times in corporate development, business development
and strategic planning. Before joining the company, he was a
management consultant and worked with early-stage companies in the
media and communications industry. He is a C.F.A. charterholder and
holds an A.B. degree in environmental science and public policy
from Harvard College as well as an M.B.A. in finance and economics
from Columbia Business School.
About The New York Times Company
The New York Times Company (NYSE: NYT) is a trusted source of
quality, independent journalism whose mission is to seek the truth
and help people understand the world. With more than 9 million
subscribers across a diverse array of print and digital products —
from news to cooking to games to sports — The Times has evolved
from a local and regional news leader into a diversified media
company with curious readers, listeners and viewers around the
globe. Follow news about the company at NYTCo.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20230510005352/en/
Investors: Olivia Bloch, 212-556-1325;
investor.relations@nytimes.com
Media: Danielle Rhoades Ha, 212-556-8719,
danielle.rhoades-ha@nytimes.com
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