– USA, NY – The New York Times Company (NYSE:NYT) announced today that its Board of Directors has nominated David Perpich to stand for election as a director at its 2019 annual meeting of stockholders on May 2. All current directors will stand for re-election with the exception of Jim Kohlberg, a director since 2008, and Steven Green, a director since 2012, who are both stepping down.
Arthur Sulzberger, Jr., chairman of the Board of The New York Times Company, said, “David is one of The Times’s most effective and entrepreneurial leaders and he’s played a key role in some of the company’s biggest initiatives over the past decade, including the launch of the digital pay model. David is well-known at The Times for his collaborative spirit, sound judgment and strategic vision. He’s also a fifth-generation family member who is deeply committed to the furtherance of the company’s mission and values. I am very pleased to have David nominated to serve on our Board of Directors.”
Mr. Perpich was named president and general manager of Wirecutter in 2017 where he leads all aspects of the business and editorial operations of the product-recommendation site that was acquired by The Times Company in 2016. He previously led The Times’s digital product development efforts. He joined the company in 2010 from the management consulting firm Booz & Company. Early in his career, he co-founded and helped lead a company in the music industry. He received a B.A. in economics from Duke University and an M.B.A. from Harvard University.
Mr. Sulzberger continued, “I am very grateful to Jim for his eleven years of service to our Board and for the wise counsel he’s always provided to The Times. His tenure has been marked by enormous change and we’ve been lucky to have his sharp mind and keen intellect actively engaged in our transitioning business. I’m also deeply grateful to Steven, both for his enduring appreciation of The Times’s mission and long-term objectives, and for his seven years of service to our Board.”
Mr. Kohlberg joined the Board in 2008. Over the term of his service, he has served on several Board committees, including the Nominating & Governance Committee, which he has chaired, the Compensation Committee and the Finance Committee, which he currently chairs. Mr. Green joined the Board in 2012 and has served on the Finance Committee for his full tenure.
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