Founder’s grandson named chairman at Hearst

William Randolph (“Will”) Hearst III, 63, grandson of Hearst Corp. founder William Randolph Hearst, has been elected the company’s chairman of the board, the trade publication


Folio

reported.

Hearst, former editor and publisher of the

San Francisco Examiner,

is a partner emeritus at venture capital firm Kleiner Perkins Caufiled & Byers.

According to the

Folio

report, Hearst fills one of two vacancies created by the death in June of his 84-year-old cousin, George R. Hearst Jr., who had been chairman since 1996.

The other vacancy is at the Hearst Corp. Family Trust, which directs all financial matters. The

Folio

report noted that under the will of William Randolph Hearst, five of the 13 trustees must be family members. Will Hearst is already one of the trustees.

The board also elected Hearst Newspapers president Mark Aldam, Hearst Corp. senior VP/general council Eve Burton, Hearst Corp. senior VP/CFO Mitchell Scherzer, and two great-grandchildren of William Randolph Hearst, Samia Staehle and Christian A. Tarafa. Staehle, 43, is an attorney and Tarafa, also 43, is a former Hearst Magazines United Kingdom executive. (Source:

Folio,

Jan. 22, 2013.)