David Carey, who has been president of Hearst Magazines since 2010, announced that he will be leaving his post in the near future. After his successor as president has been selected, he will continue to serve as chairman through 2019.
Carey has been widely credited with keeping Hearst in the top tier of publishing companies. “Under David, we have become a preeminent global digital publishing company while continuing to launch innovative print editions,” CEO Steven Swartz said in a memo to employees.
In January, Carey shepherded Hearst’s acquisition of Rodale, which added such titles as Men's Health and Runner's World to its roster. He was also the driving force behind such print launches as The Pioneer Woman Magazine, a joint endeavor with the Food Network, that he says is approaching a total circulation of 500,000 copies after one year in business.
After starting out at Hearst as one of the founders of Smart Money, Carey went to Condé Nast, where he served as publisher of The New Yorker as well as helping to launch the publisher’s short-lived financial magazine, Condé Nast Portfolio.
Carey’s future plans include returning to school. He will become a fellow in Harvard's Advanced Leadership Initiative, a program that encourages business leaders to address challenges in the social sector.
"We've had eight good years, but a job like this is demanding and not something one should do forever," Carey told Crain’s New York Business. "I decided a year ago this is what I wanted to do."