Wall Street Journal Names Steiger Successor

Marcus W. Brauchli, Deputy M.E., to Move Up May 15

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NEW YORK (AdAge.com) -- It's been clear forever that The Wall Street Journal needed to find a new managing editor before the current one, Paul E. Steiger, ran up against the mandatory retirement policy of parent Dow Jones & Co. at the end of this year. But identification of that successor has been a long time coming.
Marcus W. Brauchli
Marcus W. Brauchli

Today The Journal ended the speculation by naming Marcus W. Brauchli to become the paper's next managing editor on May 15.

Joined company in '84
Mr. Brauchli, 45, has been deputy managing editor since December 2005, but joined Dow Jones all the way back in 1984. He started at The Wall Street Journal Europe in 1987 as a Scandinavia correspondent, later working for the Journal proper from Tokyo, Hong Kong and Shanghai. He moved to New York and became a Journal news editor in 1999 and became national news editor three months later. He was named global news editor in September 2003.

"Marcus Brauchli is a superb journalist, who reported for Dow Jones Newswires and the Journal for more than 20 countries, and as global news editor oversaw Journal coverage from stock-market downturns to the Sept. 11 terrorist attacks," said L. Gordon Crovitz, exec VP, Dow Jones, and publisher, The Wall Street Journal.
Paul E. Steiger
Paul E. Steiger
"More recently, as a deputy managing editor under Mr. Steiger, Mr. Brauchli led the news department in the highly successful Journal redesign that launched earlier this year, giving us great confidence that the Journal in print and online will thrive by continuing to engage readers with distinctive, only-in-the-Journal coverage."
Under Mr. Steiger, the Journal won 16 Pulitzer Prizes; he has received individual accolades including the 2002 Gerald Loeb award for lifetime achievement.

Under Dow Jones policy, all senior managers have to leave the company at the end of the year in which they turn 65. Mr. Steiger, 64, will become editor at large of the Journal.
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