- After around eight years on the job
- Laud, praise and thanks for Jones
- Wally Cooney taking over
(management-change.com) — Arlington, Virginia, December 22, 2016 — Hal Jones, finance chief of Graham Holdings, leaves. As announced by Graham Holdings Company in a news release and in a regulatory filing published on Thursday, December 22, 2016, Hal Stanley Jones, chief financial officer, leaves the diversified education and media company after around eight years on the job, effective March 31, 2017.
Jones’ duties are taken over by Wally Cooney, currently chief accounting officer at Graham Holdings Company.
No reason given
In the announcement, Graham Holdings did not explicitly explain the reason for Jones’ move, opening the door for speculation.
Graham Holdings said: Hal S. Jones, senior vice president-finance and chief financial officer of Graham Holdings Company, “has announced that he will retire from the Company effective March 31, 2017”.
Precise information about the future plans of Jones was not immediately available.
Chaired by Donald E. Graham
Graham Holdings Company is chaired by Donald E. Graham.
Graham became chairman of the board in September 1993. He was chief executive officer of Graham Holdings Company (previously The Washington Post Company) from May 1991 until November 2015.
Timothy J. O’Shaughnessy serves as CEO of Graham Holdings Company. Timothy O’Shaughnessy became president and chief executive officer of Graham Holdings, effective November 2015.
On the job as CFO since 2009
Hal S. Jones became senior vice president, finance and chief financial officer of Graham Holdings Company (then The Washington Post Company) in January 2009.
He had 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.
At both Graham Holdings and Kaplan, Jones has served 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 to 2007.
Previously, Jones, a certified public accountant, spent 13 years at PricewaterhouseCoopers (then Price Waterhouse) 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 Washington.
Read the full story in the management-change.com report 48.2016 ($).