Wallace R. Cooney Named Chief Accounting OfficerWASHINGTON, Jun 11, 2008 (BUSINESS WIRE) -- Hal S. Jones has been named to succeed John B. Morse, Jr. as
senior vice president-finance and chief financial officer of The
Washington Post Company (NYSE:WPO). As previously announced, Morse
will retire at the end of 2008. Effective immediately, Wallace R.
Cooney has been named vice president-finance and chief accounting
officer of The Washington Post Company.
Jones, 55, has most recently been chief executive officer of
Kaplan Professional, responsible for Kaplan's professional businesses
in financial services, real estate, technology and engineering in the
United States and the United Kingdom. Jim Rosenthal, former president
of New Line Television and Consumer Products, has been named to
succeed Jones. Kaplan, Inc. is the education subsidiary of The
Washington Post Company.
Jones has spent nearly 19 years at The Washington Post Company and
Kaplan, serving in a variety of senior management positions with a
focus on finance, auditing and accounting. In addition, Jones
spearheaded and oversaw numerous highly successful mergers and
acquisitions. Prior to joining Kaplan Professional, Jones served as
chief financial officer of Kaplan, Inc. from 1997 to 2000 and chief
operating officer of Kaplan International, based in London, from 2003
Previously, Jones, a certified public accountant, spent 13 years
at Price Waterhouse (now PricewaterhouseCoopers) in assurance
services, where he audited education, healthcare and media clients.
He earned his MBA from the University of Chicago and his
undergraduate degree in political science from the University of
"Hal has a tremendous breadth of experience in many parts of The
Post Company, both domestically and internationally, that will serve
us well as our Company continues to expand and diversify," said Donald
E. Graham, chairman and chief executive officer of The Washington Post
Wallace R. Cooney joined The Washington Post Company in 2001 as
controller. From 1997 to 2001, he was director of consolidation
accounting and financial reporting at Gannett Co., Inc. He began his
career with Price Waterhouse in 1985, serving three years in The
Hague, The Netherlands, from 1991 to 1994 and as a senior manager from
1994 to 1997.
Cooney, 45, graduated from Lafayette College in 1985, cum laude
and Phi Beta Kappa, with a BA in economics and business. He is a
certified public accountant and a member of the American Institute of
Certified Accountants, Financial Executives International (FEI) and
International Newspaper Financial Executives (INFE).
"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," said chairman and
chief executive Donald E. Graham.
About The Washington Post Company (www.washpostco.com)
The Washington Post Company (NYSE:WPO) is a diversified education
and media company whose principal operations include educational and
career services, newspaper and magazine publishing, television
broadcasting, cable television systems and electronic information
services. The Company owns The Washington Post;
Washingtonpost.Newsweek Interactive (WPNI), the online publishing
subsidiary whose flagship products include washingtonpost.com,
Newsweek.com, Slate, BudgetTravel.com, Sprig.com and TheRoot.com;
Express; El Tiempo Latino; The Gazette and Southern Maryland
Newspapers; The Herald (Everett, WA); Newsweek magazine; Post-Newsweek
Stations (Detroit, Houston, Miami, Orlando, San Antonio and
Jacksonville); Cable ONE, serving subscribers in midwestern, western
and southern states; and CourseAdvisor, an online lead generation
The Company also owns Kaplan, Inc., a leading global provider of
educational services to individuals, schools and businesses, serving
over one million students with operations in more than 30 countries.
Its international programs include higher education, test preparation,
language instruction and professional training.
The Company has ownership interests in the Los Angeles
Times-Washington Post News Service and Bowater Mersey Paper Company.
SOURCE: The Washington Post Company
The Washington Post Company
Rima Calderon, 202-334-6617