Fred Ryan, the publisher and chief executive of The Washington Post for most of the decade since it was bought by Amazon founder Jeff Bezos, will leave the company in August, he announced Monday.
Patty Stonesifer, the founding chief executive of the Gates Foundation and more recently the director of the Amazon board, was named the interim CEO of The Post on Monday, starting immediately, and is leading the search for Ryan’s replacement.
In a memo to Post staff, Bezos said he was “deeply grateful” to Ryan for leading The Post and praised him for focusing on “the intersection of journalism and technology.” Ryan is leaving The Post at a tumultuous time in the media industry of layoffs and declining audience numbers, to which The Post has not been immune. Ryan said his departure “has nothing to do with that” and “I firmly believe there is a sound model for successful journalism and The Washington Post is well positioned to do that,” he added. “I have no doubt that the high-quality journalism of the standard of The Washington Post will always be successful.
Ryan presided over The Post during a period of rapid expansion, growing from around 600 newsroom employees to nearly double that size today.
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