Donald Graham, 70, is stepping down as CEO of Graham Holdings, effective immediately,
the
New York Times
reported.
He will continue to serve as the company's chairman.
Graham, the former publisher of the
Washington Post
, and successor to his mother, the legendary Katharine Graham, sold the paper to Amazon founder Jeff Bezos in 2013. Graham Holdings owns a variety of businesses, including the education company Kaplan, media companies Slate and Foreign Policy, local TV stations in five cities, home health care and hospice providers Celtic Healthcare and Residential Healthcare Group, and industrial manufacturers Forney Corporation and Joyce/Dayton Corp.
Graham's son-in-law, 33-year-old Timothy O'Shaughnessy, will succeed him as CEO, the
Times
reported. O'Shaughnessy had been Graham Holdings' president. (Source:
New York Times
, Nov. 12, 2015.)
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