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Paul V. Carlucci, Chairman and Chief Executive Officer of News America Marketing, announced today that he will retire next month, completing 23 years of service to News Corp.
Mr. Carlucci will be succeeded by Martin J. Garofalo, said Robert Thomson, Chief Executive of News Corp. Mr. Garofalo is currently President of News America Marketing.
“Paul has been a close confidant and trusted colleague for more than two decades, and his contributions to our company and the people we serve are incalculable,” said Rupert Murdoch, Executive Chairman of News Corp. “I am grateful for his friendship, his leadership, and his counsel through the years, and wish him all the best in the future.”
"A sincere 'Thank You' for all the opportunities that News Corporation management has given my colleagues and me over more than twenty years," said Mr. Carlucci. "The support, guidance and culture allowed us to build a business and to really enjoy the experience in the process. With the appointment of long term senior executive Marty Garofalo as CEO, I can honestly subscribe to Frank Sinatra's sentiment...'The Best Is Yet To Come!’''
“Paul leaves News America Marketing on a high, with a thriving business and a strong management team that is a monument to his leadership,” said Mr. Thomson. “Marty has vast experience in the sector, and creative and strategic thoughts for the expansion of our digital and international business.”
Mr. Carlucci joined News America FSI in June 1991 as Executive Vice President, Media and was promoted to President in 1992. From 1995 to 1997, he was President and Chief Executive Officer of News America Publishing (parent company to News America Marketing, TV Guide, Weekly Standard and News America New Media). In 1997 he was appointed Chairman and CEO of News America Marketing, and from 2005 to 2012 he was also Publisher of the New York Post. Prior to joining News Corporation, Mr. Carlucci worked at Caldor, Inc., R.H. Macy’s, Inc. and the New York Daily News.