ARLINGTON, Va.--(BUSINESS WIRE)--Nov. 12, 2015--
Graham Holdings Company (NYSE:GHC) announced today that Timothy
O’Shaughnessy will become president and chief executive officer
effective immediately. He succeeds, Donald E. Graham, who has been
chairman and chief executive officer since 1991. Mr. Graham, 70, will
remain chairman of the Board of Directors.
"Tim O’Shaughnessy will be an outstanding CEO. He has good ideas and he
can execute. With the help of a remarkable board, the Company is poised
to take advantage of an unusual range of opportunities,” said Graham. "I
have worked at the Company since 1971, and I feel very lucky and
grateful to every co-worker at every one of our businesses since then.”
O’Shaughnessy, 33, joined Graham Holdings Company in 2014 as President
to oversee investments and acquisitions, and to help set a new direction
for the Company following the sale of The Washington Post. Previously,
he served as chief executive officer of LivingSocial.
“Don and his mother, Katharine Graham, have taken a newspaper business
and turned it into a diverse set of successful businesses that share a
commitment to high standards for our customers, employees, and
shareholders. Our Company has been uniquely positioned to focus on the
long-term possibilities in business, and this philosophy will continue
to serve as a true north. I am honored to work with Don, who will remain
an active chairman, to build the next generation of this wonderful
company,” said O’Shaughnessy.
O’Shaughnessy graduated from Georgetown University with a Bachelor of
Science degree in Business Administration. He began his career at AOL
and later ran product development at Revolution Health prior to
co-founding LivingSocial.
O’Shaughnessy and his wife Laura Graham O’Shaughnessy, a daughter of
Donald E. Graham and CEO of SocialCode, live in Washington, DC and have
two young children.
About Graham Holdings Company (www.ghco.com)
Graham Holdings Company (NYSE: GHC) is a diversified education and media
company whose principal operations include educational services;
television broadcasting; online, print and local TV news; home health
and hospice care; and custom manufacturing. The Company owns Kaplan, a
leading global provider of educational services; Graham Media
Group (WDIV–Detroit, KPRC–Houston, WKMG–Orlando, KSAT–San Antonio,
WJXT–Jacksonville); The Slate Group (Slate and Panoply); and Foreign
Policy. The Company also owns Trove, a social news aggregator;
SocialCode, a leading social marketing solutions company; Celtic
Healthcare and Residential Healthcare Group, home health and hospice
providers; Joyce/Dayton Corp., a manufacturer of screw jacks, linear
actuators and lifting systems; and Forney Corporation, a manufacturer of
burners, igniters, dampers and controls for combustion processes in
electric utility and industrial applications.
View source version on businesswire.com: http://www.businesswire.com/news/home/20151112005755/en/
Source: Graham Holdings Company
Graham Holdings Company
Pinkie Mayfield, 703-345-6450
Pinkie.Mayfield@ghco.com
