The New York Times Co. said on Wednesday that Chief Financial Officer James Follo plans to retire early next year. Follo joined the Times as CFO in 2007. He said the past 10 years have been an honor, helping lead the newspaper though a major shift in the industry. “The Times’s mission has never been more important and I firmly believe that the company is well positioned for continued success,” Follo said in a statement. The New York Times said it will retain an executive search firm to help find Follo’s successor, and that the paper is considering candidates from inside and outside of the organization. Shares of the New York Times have gained nearly 48% in the year to date, while the S&P 500 index is up nearly 15% and the Dow Jones Industrial Average is up close to 19%.
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