NEW YORK (AP) - The New York Times on Wednesday announced that executive editor Jill Abramson is being replaced by managing editor Dean Baquet after two and a half years on the job.
NEW YORK (AP) — The New York Times on Wednesday announced that executive editor Jill Abramson is being replaced by managing editor Dean Baquet after two and a half years on the job.
The company didn't give a reason for the change. Abramson and Baquet had both been in their current positions since September 2011.
Baquet, who would be the first African-American to hold the newspaper's highest editorial position, received a Pulitzer Prize for investigative reporting in 1988. Baquet, 57, has worked for the Times since 2007.
In making the announcement, Arthur Sulzberger Jr., the newspaper's publisher and chairman of its parent company, called Baquet the best qualified journalist to take on the job in the Times' newsroom.
"He is an exceptional reporter and editor with impeccable news judgment who enjoys the confidence and support of his colleagues around the world and across the organization," Sulzberger said in a statement.
Abramson, 60, was the paper's first female executive editor. She joined the newspaper in 1997 after working for nearly a decade at The Wall Street Journal. She was the Times' Washington editor and bureau chief before being named managing editor in 2003.
Baquet succeeded her as managing editor after she was named to the top editing spot.
New York Times Co. shares fell 65 cents, or 4.1 percent, to $15.12 in afternoon trading.