After what can generously be referred to as a contentious tenure because the CEO of The Washington Put up, Will Lewis is stepping down following mass layoffs this week. Jeff D’Onofrio, former CEO of Tumblr from 2017 to 2022, will step in as performing CEO and writer. D’Onofrio has been CFO on the Put up since June of final 12 months, which means he’s had a entrance row seat to Jeff Bezos’ dismantling of the as soon as storied paper for the final 9 months.
D’Onofrio’s resume doesn’t embrace intensive expertise in conventional information media, nor many notable success tales. He was briefly the final supervisor of Yahoo Information whereas it was nonetheless a Verizon property, earlier than shifting his focus solely to Tumblr. Underneath his management, Tumblr tried to wash up its picture by banning grownup content material, however its site visitors fell by 30 p.c. Yahoo had bought Tumblr for $1.1 billion in 2013. By 2019, it was offered to Automated, the proprietor of WordPress, reportedly for lower than $3 million.
