David Carey Stepping Down As President Of Hearst Magazines

David Carey, the president of Hearst Magazines since 2010 and the architect of some of the most successful magazine launches at that company in recent decades, is stepping down at the end of the year, according to the company.

Carey will serve next year as a fellow at the Harvard Advanced Leadership Initiative, a program designed to give business, government and other leaders a platform for social-impact initiatives.

“Under David, we have become a preeminent global digital publishing company while continuing to launch innovative print editions,” CEO Steven Swartz said in a memo to employees this morning. “Over the next few months, while continuing to run the group, David will help select the next leader of our magazine company. This kind of orderly transition is a hallmark of Hearst Magazines.”

Carey, the founding publisher of Smart Money Magazine in 1992, is widely seen as one of the more successful leaders at traditional media companies. During his tenure, he oversaw the acquisition of the Hachette Filipacchi magazine group in 2011 for about $900 million. Brands included in the acquisition were Elle, Woman’s Day and Car and Driver. More recently, Carey oversaw the acquisition late in 2017 of Rodale, the publisher of Men’s Health, Women’s Health, Runner’s World and Bicycling.

He also oversaw the launch of HGTV Magazine in 2012 and The Pioneer Woman Magazine last year.

Prior to joining Hearst, Carey was group president at Condé Nast. He led the startup of Portfolio Magazine, and was publisher of The New Yorker from 1998 to 2005.
more at source: https://www.forbes.com/sites/tonysilber/2018/06/25/david-carey-stepping-down-as-president-of-hearst-magazines/#47543385153b