Goldstein named Sun's new CFO Official joined company in 1992 as controller

December 20, 1997|By Kevin L. McQuaid | Kevin L. McQuaid,SUN STAFF

The Baltimore Sun Co. yesterday promoted Rich Goldstein to vice president and chief financial officer, a post in which the Times Mirror Co. veteran will be responsible for all the newspaper company's finances.

The 46-year-old certified public accountant, who has been with The Baltimore Sun for five years, will assume his new position on Jan. 1.

Goldstein will direct the finances of The Baltimore Sun, which generates about $300 million a year in revenues, and work closely with Times Mirror, which owns The Sun, the Los Angeles Times and the Hartford Courant.

"This job will give me more of an ability to influence the way things are done at The Sun," said Goldstein, whose office wall is adorned with a black-and-white photograph of baseball legend Willie Mays. "My main goal is to help grow the company, because you have to grow to survive. I'd like to see us simultaneously grow circulation and advertising."

For the past year, Goldstein has worked as the Sun's director of finance, responsible for accounting, taxes, financial planning and purchasing.

The Baltimore Sun has been without a chief financial officer since October 1996, when Jean C. Halle was named vice president for new business development.

"He's done a heck of a job," said Sun Publisher and Chief Executive Michael E. Waller, of Goldstein. "One of his great strengths is his ability to work closely with other departments at the paper to help them achieve their goals."

As chief financial officer, Goldstein will report to Waller.

Goldstein, a New York native, has worked at The Baltimore Sun since May 1992, when he joined the company as its controller. Before joining The Sun, Goldstein worked for 12 years for Times Mirror in New York, as regional internal audit manager and group controller for magazines, training companies and legal publications.

"This is something I've always hoped for," Goldstein said.

Pub Date: 12/20/97

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