NOT SAYING GOODBYE?: Frank A. Bennack Jr. could be back in the chief executive officer post at Hearst Corp. for good. Sources inside the company say Bennack missed the top job after he retired from the post at the end of 2001, and insiders believe he’s not about to give it up again. In June, Bennack was named interim ceo to replace Victor Ganzi, Hearst’s president, ceo and director, who resigned after only six years of leading the parent of Hearst Magazines. Reports at the time alleged that Bennack was the lead director to push for Ganzi’s resignation, even though he handpicked his successor. Hearst also said at the time that it had started a search for Ganzi’s replacement.
At the time of Ganzi’s departure, a press release said he had “irreconcilable policy differences,” with board trustees regarding the future of the company. Prior to Ganzi’s term as ceo, Bennack had been ceo for 23 years. Bennack did not return calls, and a company spokeswoman said there was no news to announce regarding the ceo search, adding that it was “business as usual for the time being.” But perhaps the media company gives a clue on its Web site: Bennack is listed as a vice chairman and ceo. It also notes he is in his second tenure as ceo. There’s no mention of the word “interim.”
— Amy Wicks