Paul G. Taylor Elected a Trustee of the Hearst Family Trust

Paul G. Taylor, senior vice president of Hearst and the president and chief executive officer of Fitch Group since April 2012, has been elected a testamentary trustee of the trust established under the will of William Randolph Hearst. The announcement was made today by President and CEO of Hearst Steven R. Swartz, and Chairman of Hearst William R. Hearst III, both current trustees. Taylor, 63, succeeds the late Gilbert C. Maurer, who served as a trustee until his passing.

Hearst, one of the nation’s largest global, diversified information, services and media companies, is owned by The Hearst Family Trust. Among other responsibilities, the 13 trustees elect members to Hearst’s Board of Directors.

With Taylor’s election, the trustees of The Hearst Family Trust are: James M. Asher; Anissa B. Balson; David J. Barrett; Frank A. Bennack, Jr.; John G. Conomikes; Lisa Hearst Hagerman; George R. Hearst III; William R. Hearst III; Mark F. Miller; Virginia H. Randt; Mitchell I. Scherzer; Steven R. Swartz; and Taylor.

Prior to his role with Fitch Group, Taylor served as president of Fitch Ratings, the group’s largest business and a leading provider of credit ratings, commentary and research. Prior to this appointment in 2010, he spent two years as global head of structured finance ratings, presiding over numerous ratings reforms following the 2007 collapse of the U.S. housing market. Taylor has held a variety of analytical leadership positions at Fitch Ratings, including global head of sovereign, public finance, corporate and financial institution ratings. He also headed the agency’s operations in Europe, the Middle East and Africa.

Taylor joined Fitch predecessor firm Duff & Phelps Credit Rating Co. in 1994 as senior vice president in charge of European ratings activities. His final role prior to DCR’s merger with Fitch Ratings in 2000 was executive vice president of DCR International, where he oversaw all rating activities outside of North America and chaired the international group credit and criteria committee.

Taylor has a degree in management and marketing from the University of Lancaster, where he is an active alumnus.

About Hearst
Hearst is one of the nation’s largest global, diversified information, services and media companies. Hearst has been innovating for more than a century, leading with purpose, integrity and a culture of care, with a mission to inform audiences and improve lives. The company’s diverse portfolio includes global financial services leader Fitch Group; Hearst Health, a group of medical information and services businesses; Hearst Transportation, which includes CAMP Systems International, a major provider of software-as-a-service solutions for managing maintenance of jets and helicopters; ownership in cable television networks such as A&E, HISTORY, Lifetime and ESPN; 35 television stations; 28 daily and 50 weekly newspapers; digital services businesses; and more than 200 magazine editions around the world.