Hearst Corporation, a large US diversified media company, has hired Carlton Charles, an executive with 25 years of finance experience in multinational companies, most recently Moody’s Corporation, as vice president, treasurer. Charles succeeds Jon Smith, Jr, who will retire at the end of the year after 25 years of service in Hearst’s treasury department.
Charles was most recently senior vice president (SVP), treasurer and chief operational risk officer (CORO) of Moody’s Corporation, where he oversaw all global treasury matters for the company, including capital structure, cash management, financial risk management, insurance and corporate finance. In addition, he was responsible for the company’s operational risk management efforts.
He joined Moody’s in 2005 from International Paper Company where he worked for five years, first as assistant treasurer, international, and then as assistant treasurer and director, enterprise risk management. From 1997 to 1999, Charles was assistant treasurer, international, at Joseph E Seagram & Sons, having joined that company from Viacom, where he served since 1995 as director of treasury and then vice president, international treasury. He spent seven years (1988 to 1995) at Philip Morris Management in various treasury and corporate finance roles, after having begun his career at Dean Witter Capital Markets in institutional sales in 1986.
Charles holds an MBA in finance from the University of Chicago, and a master’s in public policy and a bachelor’s in quantitative economics from the State University of New York at Stony Brook.
Smith, assistant treasurer and director of banking and corporate finance, joined Hearst in 1986. In 2001, he was appointed assistant treasurer of the William Randolph Hearst Foundation and The Hearst Foundation. Prior to Hearst, he spent nine years at Capital Cities/ABC, where he was the associate director of treasury operations. Smith attended Lafayette College and the University of Chicago Graduate School of Business.
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