Post Co. Names New CFO
By Frank Ahrens
The Washington Post Co. has named Hal S. Jones to succeed John B. "Jay" Morse Jr. as chief financial officer, the company said today.
Jones, 55, is a top executive at Kaplan Inc., the education company owned by The Post Co. and its biggest revenue generator. Jones, who has spent nearly 19 years at the Post Co. and Kaplan, will take over when Morse takes early retirement at the end of the year.
The Post Co. also promoted company controller Wallace R. Cooney, 45, to chief accounting officer, effective immediately.
"In his role as controller of the company, Wally has demonstrated a superb understanding of the complex technical accounting issues that we, like all other companies, are dealing with," Post Co. Chairman Donald E. Graham said in a statement.
Replacing Jones as chief executive of Kaplan Professional -- the company division that sells training to those already in the workforce, such as CPA exam prep -- will be Jim Rosenthal, formerly head of television and consumer products at New Line Cinema, the movie studio owned by Time Warner that was merged into the larger Warner Bros. movie and television studios earlier this year.
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