WASHINGTON, May 16, 2008 (BUSINESS WIRE) -- John B. Morse, Jr., vice president-finance, chief financial
officer and principal accounting officer of The Washington Post
Company (NYSE:WPO), will retire at the end of 2008. Morse, 61, has
served in this role since shortly after joining the Company in 1989. A
successor will be named soon.
"Nineteen years is an extraordinary tenure for a CFO, but in Jay's
case I wish it were longer," said Donald E. Graham, chairman and chief
executive officer of The Washington Post Company. "I've often said
that Jay was old fashioned in his regard for standards before it
became fashionable to be so. He is honest, principled and a man of
excellent judgment. Jay will leave with the utmost respect of everyone
associated with The Washington Post Company."
When Morse joined the Company, its revenues were $1.4 billion. In
2007, its revenues had grown to $4.2 billion, with significantly
expanded operations in the cable and education divisions in the U.S.
Prior to joining The Washington Post Company, Morse was a partner
at Price Waterhouse (now PricewaterhouseCoopers). He received a BA
from the University of Virginia and an MBA from the Wharton School of
Finance at the University of Pennsylvania. Morse serves as a director
of Host Hotels and Resorts and the Northern Virginia Technology
Council. He was recently named president of the College Foundation at
the University of Virginia.
SOURCE: The Washington Post Company
The Washington Post Company
Rima Calderon, 202-334-6617