New York Times Appoints Woman in Her 40s as New CEO

Meredith Coffit Levien Appointed Current COO
At 49, Youngest CEO in NYT History
Recognized for Contributions to Digital Transformation... Future Challenges Include Business Deterioration

▲ Meredith Kopit Levien appointed as the new CEO of The New York Times. [Photo by Yonhap News]

[Asia Economy Reporter Kwon Jae-hee] Meredith Kopit Levien has been appointed as the Chief Executive Officer (CEO) of The New York Times (NYT). Levien, the current Chief Operating Officer (COO, 49) of NYT, will take office in September. At 49 years old, she will be the youngest CEO in NYT's history.

Levien joined NYT in 2013 after serving as publisher and Chief Revenue Officer (CRO) at Forbes, a U.S. business magazine. At NYT, she has held various roles including head of advertising, CRO, and COO, overseeing advertising sales and subscription management. Notably, she assisted current CEO Mark Thompson in NYT's digital transformation.

Arthur Gregg Sulzberger, publisher of NYT, praised Levien as "an outstanding and transformative leader," stating, "Everything she has touched in this organization has improved." Levien described her appointment as "the honor of a lifetime."

However, Levien faces significant challenges ahead. The business environment has worsened due to a sharp decline in advertising revenue amid the COVID-19 pandemic.

Levien is scheduled to assume the CEO position on September 8 and lead NYT until January 1, 2023.

Meanwhile, The Wall Street Journal (WSJ) reported that Levien could receive incentives totaling $3.2 million (approximately 3.8 billion KRW) based on performance. Current CEO Thompson earned a total of $6.1 million (approximately 7.3 billion KRW) last year, including a base salary of $1.1 million (approximately 1.3 billion KRW).

This content was produced with the assistance of AI translation services.