New York Times CFO James Follo to retire in early 2018

Updated: Wed, Oct 25, 2017
07:22 pm
Reuters
RELATED NEWS
Japan's consumer inflation ticks up but still distant from BOJ's goal Japan's consumer inflation ticks up but still distant from BOJ's goal
Gold prices edge up on trade talk hopes, but Fed stance caps gains Gold prices edge up on trade talk hopes, but Fed stance caps gains
Singapore lender OCBC's fourth quarter profit falls 10 percent, cautions on economic growth Singapore lender OCBC's fourth quarter profit falls 10 percent, cautions on economic growth
Japan's consumer inflation ticks up but still distant from BOJ's goal Japan's consumer inflation ticks up but still distant from BOJ's goal

The New York Times` Chief Financial Officer James Follo will retire early next year, the company said on Wednesday, ending a more than 10-year stint at the newspaper publisher.

The Times said it was considering candidates from both inside and outside the company to succeed Follo, who is also executive vice president.

Follo`s tenure at the Times represented a crucial transition period for the company, which has been trying to transform itself into a digital media powerhouse to offset falling sales in its traditional print business.

The Times has been posting better-than-expected financial results in recent quarters, spurred by higher digital subscriptions.

Follo took over as the Times` finance chief in January 2007 after serving in a similar capacity at Martha Stewart Living Omnimedia Inc.

The Times will retain an executive search firm to help find Follo`s successor, it said.

(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)