Dow Jones names M. Peter McPherson as chairman

Share this content:

Dow Jones & Co., publisher of The Wall Street Journal and Barron's, will name longtime director M. Peter McPherson as chairman of the board to succeed incumbent Peter R. Kann upon his retirement.

The change of guard will take place at the New York publisher's annual meeting on April 17. Irvine O. Hockaday Jr. and William C. Steere Jr. will also retire from the Dow Jones board on that day as part of the mandatory retirement policy for directors reaching 70 years.

These changes come less than two months after Dow Jones relaunched the Wall Street Journal as a slimmer newspaper with more color and a higher percentage of forward-looking and analytical articles. The makeover was a response to changing attitudes among readers and advertisers to news consumption and advertising.

Mr. Kann, 64, has worked at Dow Jones for more than 40 years, serving as a Pulitzer Prize-winning journalist on The Wall Street Journal and as CEO of the company for 15 years. His wife, Karen Elliott House, was the CEO until she vacated that spot for the incumbent, Rich Zannino.

After becoming chairman of Dow Jones, Mr. McPherson, 66, will continue to serve as president of the National Association of State Universities and Land-Grant Colleges.

Concurrent with these moves, Dow Jones has also nominated Coca-Cola Enterprises Inc. CEO John Brock and Akamai Technologies Inc. CEO Paul Sagan to the board of directors. They are among the 16 director nominees standing for election at the Dow Jones annual meeting in New York.

close

Next Article in Direct Mail

Sign up to our newsletters

Company of the Week

Since 1985, Melissa has helped thousands of companies clean, correct and complete contact data to better target and communicate with their customers. We offer a full spectrum of data quality solutions, including global address, phone, email, and name validation, identify verification - available for batch or real-time processes, in the Cloud or on-premise. Our service bureau provides dedupe, email/phone append and geographic/demographic append services for better targeting and insight. For direct mailers, Melissa offers easy-to-use address management/postal software, list hygiene services and 100s of specialty mailing lists - all with competitive pricing and excellent customer service.

Find out more here »

Career Center

Check out hundreds of exciting professional opportunities available on DMN's Career Center.  
Explore careers in digital marketing, sales, eCommerce, marketing communications, IT, data strategies, and much more. And don't forget to update your resume so employers can contact you privately about job opportunities.

>>Click Here